Georgia Bitcoin ATM Regulations
Georgia regulates money transmitters through the Department of Banking and Finance and has stated that some virtual currency transactions fall within that framework.
Licensing Requirements
Georgia regulates money transmitters pursuant to O.C.G.A. § 7-1-680 through 7-1-698, administered by the Department of Banking and Finance.
The Department’s money transmission page states that the statutory definitions include some forms of virtual currency transactions.
Georgia has not enacted a kiosk-only Bitcoin ATM law, but it has used its money transmission authority against unlicensed virtual currency kiosk activity.
Federal Requirements
Federal rules still matter even where a state has no Bitcoin ATM-specific statute.
- Register with FinCEN as a money services business when required by federal law.
- Maintain a written anti-money-laundering program, designate a compliance officer, and train kiosk support staff.
- Use customer identification, sanctions screening, and scam-escalation procedures sized to transaction risk.
- File Suspicious Activity Reports and Currency Transaction Reports when thresholds or facts require them.
Consumer Protection Resources
Georgia Department of Banking and Finance is the main public contact for scam complaints and consumer questions in Georgia.
Consumers can start with Georgia Department of Banking and Finance.
- Georgia says suspected unlicensed money transmission can be reported to the Department.
- A January 2025 cease-and-desist announcement involved virtual currency kiosks operated without a valid Georgia license.
- Consumers should verify the operator in NMLS before using a kiosk.
Legislative Reference
Primary state framework: O.C.G.A. § 7-1-680 et seq. (Georgia money transmission law).
Primary regulator: Georgia Department of Banking and Finance.
Georgia continues to use its general money transmission law and enforcement powers for virtual currency businesses.
Official source: state licensing and guidance materials.