This is working for now, but it doesn't seem like it will for much longer. Apparently, by the end of the year, this type of trading should be a thing of the past. It's not just about crypto ATMs, there are even physical crypto exchanges where such transactions can be made.
No, this is not correct. The rules for businesses are not relevant, because already most of these transactions are done OTC and then will continue to be done this way. ATMs have been too limited for a long time.~snip~
I am talking about OTC peer to peer transactions, there are no rules in that field. Who would apply any rules and how would they enforce them except through some system of an Orwellian nightmare? There are plenty of reputable people with long history who provide these kinds of services, you just need to search long enough. Actually, these kinds of services are now readily available in any country in the world including those where cash may be harder to get. The networks of transaction brokers are getting more connected as crypto continues maturing. Of course there is an initial risk of being scammed until you find reputable providers, but that is the classic tale of the cryptocurrency space. High risk and high reward.