What are the requirements for starting a digital currency ATM business in California?

1 answers

• Dec 28, 2021 · 3 years ago
  Starting a digital currency ATM business in California requires careful planning and adherence to regulatory requirements. One of the key requirements is obtaining a license from the California Department of Business Oversight. This license ensures that you comply with the state's money transmission laws and regulations. Additionally, you will need to implement strong AML and KYC procedures to prevent illegal activities and ensure customer identification. It is also important to consider the operational aspects of running an ATM business, such as securing a suitable location, maintaining cash reserves, and providing reliable customer support. By partnering with a reputable digital currency exchange, you can ensure access to liquidity and a seamless user experience for your customers.
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