Bitcoin ATMs are required to have KYC enforced, with a single transaction limit of $1000. A new law in Wisconsin, USA, aims to strengthen regulation.

The state of Wisconsin in the United States has recently proposed two pieces of legislation targeting Bitcoin ATM identification verification and transaction limits, raising concerns in the cryptocurrency community about increasing regulatory pressure. (Background: Latest! The list of virtual currency service providers from the Financial Supervisory Commission has "only 12 left," and Bitcoin ATMs in Taiwan will disappear.) (Background information: U.S. police sawed open Bitcoin ATMs: Is cash confiscation violent enforcement? Operators are angry about financial losses, who will compensate?) According to a post earlier today (12th) by the X account @Bitcoin_Laws, the Wisconsin State Senate has introduced the SB386 bill, which requires Bitcoin ATM transactions to fully implement the "Know Your Customer" (KYC) process. The post lists three key provisions: photo ID must be presented for each transaction, a single transaction limit of $1,000, and the collection of additional personal information. Earlier, on August 2, Wisconsin revealed the House version AB384, which classifies ATM operators as "money transmitters (Money Transmitters)," stipulating that daily transactions cannot exceed $1,000 and must complete identity and photo verification. NEW: Wisconsin Senate introduces second bill to require full KYC of bitcoin ATMs. SB386 would require photo ID presented for every purchase; cap transactions at $1k; and other personal info collected. pic.twitter.com/8lGIIz8Ym5 — Bitcoin Laws (@Bitcoin_Laws) August 11, 2025 Regulatory clarity increases: reduces opportunities for anonymous Bitcoin purchases. Both drafts have a common focus: to reduce opportunities for anonymous Bitcoin purchases through mandatory identity verification and transaction limits. If AB384 passes, Bitcoin ATM operators in Wisconsin will future be classified as money transmitters, needing to register with regulators and submit AML (reports. If SB386's requirements are added, daily and single transaction limits will tighten, and operators may need to upgrade hardware or software to verify identities, retain images, and report data. Support and concerns coexist. Discussions in the community regarding the bill show a divide. Some believe that "ATMs are essentially exchanges and should be subject to the same regulations," while others worry that the new rules "exclude financially underserved individuals" because these users rely more on cash exchanges for Bitcoin. At the same time, while identity verification requirements may help combat crime and fraud, the added costs may ultimately be passed on through fees, indirectly raising the threshold for public use. Wisconsin may set a demonstration effect. Whether SB386 and AB384 ultimately become law remains to be seen, pending votes in both the Senate and House. If enacted, Wisconsin will become one of the states with the highest KYC requirements for Bitcoin ATMs. Other states may also reference this model, creating a "demonstration effect" that further tightens physical access; conversely, operators may withdraw machines or move to neighboring states, leading to fragmented regulations. In the short term, rising operational costs and declining user numbers are the pressures the market will face first. In the long term, if the cryptocurrency industry hopes to integrate into mainstream finance, how to balance anti-money laundering, privacy protection, and accessibility will be an unavoidable issue for regulators and operators. Related reports: MicroStrategy increases position by $2.46 billion in Bitcoin! Completes the largest STRC preferred stock IPO of the year, BTC falls below $118,000. BNB surpasses $860 and continues to set new highs! Market capitalization surpasses MicroStrategy, Nike, and SoftBank, Nano Labs increases its holdings by 8,000 BNB. Investment bank TD Cowen: MicroStrategy's premium is "reasonably transparent," MSTR is expected to rise to $680. <Bitcoin ATMs must enforce KYC, single transaction limit of $1,000, new law proposed in Wisconsin to strengthen regulation> This article was first published in BlockTempo, the most influential blockchain news media.