Despite the uncertaintiessurrounding the virtual currency, several firms already have rolledout ATMs to handle bitcoins and more are on the way, according to anew report.

Titled “Introduction to Bitcoin ATMs,” the report by TremontCapital Group for the ATM Industry Association includes a rundown on how bitcoinworks and an update on efforts to regulateit around the globe, including in the United States. The FinancialCrimes Enforcement Network said last March that bitcoinadministrators and exchangers are considered money servicebusinesses and therefore required to register with FinCEN and besubject to the Bank Secrecy Act.

That means also then following anti-money laundering andknow-your-customer rules and reporting requirements, as well as thenet worth, surety bond, registration and licensing requirements formoney transmitter businesses in the 47 states that have thoserequirements. (The exceptions are Montana, New Mexico and SouthCarolina, the Tremont Capital Group report said.)

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