Compliance Made Simple
Operating a Bitcoin ATM requires compliance with federal and state regulations. ChainBytes provides the tools and services you need to stay compliant without the complexity.
Built-in Compliance Tools
Every ChainBytes machine comes with powerful compliance features included.
Configurable KYC Levels
Set transaction thresholds for phone verification, ID scanning, and enhanced due diligence based on your compliance requirements.
ID Verification
Built-in ID scanning and verification. Capture and store customer identification documents securely.
Transaction Monitoring
Real-time monitoring with customizable alerts. Flag suspicious activity and generate reports automatically.
Wallet Forensics
Third-party wallet analysis integration to identify high-risk addresses and prevent illicit transactions.
Reporting Tools
Generate compliance reports, export transaction data, and maintain audit trails for regulatory review.
SMS/Email Alerts
Automated notifications for compliance events, threshold breaches, and required follow-up actions.
Federal Requirements
Bitcoin ATM operators must register with FinCEN as a Money Services Business (MSB) and maintain a written AML program.
- FinCEN MSB registration (free, renewed every 2 years)
- Written AML program with policies and procedures
- Designated compliance officer
- Employee training program
State Requirements
Most states require a money transmitter license to operate Bitcoin ATMs. Requirements vary significantly by state.
- Money transmitter license (most states)
- Surety bond requirements
- Net worth requirements
- Exemptions in some states (MT, SC, etc.)
Compliance Package
For operators who want comprehensive compliance support, we offer an optional compliance package through our partner BTM Compliance.
- Written KYC/AML program
- FinCEN MSB registration assistance
- Compliance officer designation
- Employee training materials
- State licensing guidance
- Ongoing compliance support
Volume Discounts Available
50% discount on compliance packages for operators ordering 5+ machines.
Contact our sales team to learn more about compliance package pricing and volume discounts.
Questions About Compliance?
Our team can help you understand the requirements for your state.