Maine Bitcoin ATM Regulations
The "Maine Virtual Currency Kiosk Act" (2025) requires money transmitter licensing, establishes a $1,000 daily limit for all customers, and provides one of the longest fraud refund periods in the country.
Licensing Requirements
The "Maine Virtual Currency Kiosk Act" (2025) requires all Bitcoin ATM operators to be licensed as money transmitters through the Maine Bureau of Financial Institutions.
Operators must maintain proper licensing and comply with all state money transmission requirements.
Transaction Limits
Maine applies a uniform $1,000 daily limit to ALL customers, regardless of how long they have been using the service. This is one of the strictest limits in the nation.
| Customer Type | Daily Limit | Notes |
|---|---|---|
| All Customers | $1,000 | No distinction between new/existing |
Customer Script
"Maine state law limits all customers to $1,000 in transactions per day at our kiosks."
KYC & Record Retention
Maine has specific requirements for customer identification and record retention.
- Customer name required for all transactions
- Address verification required
- Date of birth must be collected
- Driver's license number must be retained
- All records must be kept for at least 3 years
Fraud Refund Policy
Maine has one of the most generous fraud refund policies for new customers in the nation.
Compliance Note - Fraud Refunds
Maine allows customers to receive a full refund for fraudulent transactions if reported within ONE YEAR, provided the fraud occurred within 90 days of their first transaction. Verify the customer has a government or law enforcement report before escalating the refund request.
Legislative Reference
The primary legislation governing Bitcoin ATM operations in Maine is the "Maine Virtual Currency Kiosk Act" (2025).
Maine Virtual Currency Kiosk Act (2025)