Quote from: chaoscoinz on April 20, 2019, 12:16:46 AM

Quote from: linzerdshaffen on February 14, 2019, 03:20:44 AM

According to some sources, Bitcoin ATMs are the rage thing now. They have doubled in number every year since 2015, and the trend has continued. There have been reports of even one of these being installed in Venezuela, and it seems that people is using them, even with the disastrous fees that they are collecting. what do you guys think of Bitcoin ATMs? are they a viable source of onboarding normal people into cryptocurrencies?
Source: https://www.btcnn.com/news/bitcoin-atms-have-doubled-for-the-past-four-years/

I think that the main reason they haven't taken off since the beginning is because of the heavy penalties from regulators.
In order to operate an atm requires money business transfer licenses and things of that nature.
At least in the states it does. I think you have to register both with state and federal government but I'm not 100% sure. It's best to check with you're local parliament and financial professionals.

I think theres no such thing that Heavy penalties from regulators in countries that has no regulations,that will be depending on which area the ATMs was installed,just like in asia when most of the countries have nothing against or favor cryptocurrency,the ATM can be installed withiut any of you mentioned

But in places where there are governments greed then for sure those what you said is the hindrance why bitcoin ATM wasnt putted that fast and many