North Dakota Bitcoin ATM Regulations

Licensing Requirements

North Dakota enacted the Money Transmission Modernization Act in 2023, replacing its older money transmitter statute.

North Dakota’s public FAQ materials explain that money transmission includes receiving money or monetary value for transmission, and recent enforcement releases explicitly refer to crypto currency in that framework.

North Dakota has not enacted a separate Bitcoin ATM consumer-protection statute with kiosk-only transaction caps or fee caps.

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

North Dakota Department of Financial Institutions is the main public contact for scam complaints and consumer questions in North Dakota.

Consumers can start with North Dakota Department of Financial Institutions.

• North Dakota publishes FAQ materials on what requires a money transmitter license and how to verify a license through NMLS.
• The Department has revoked licenses where the public needed protection from unsafe or noncompliant operators.
• Consumers should preserve wallet and receipt information if fraud is suspected.

Legislative Reference

Primary state framework: N.D.C.C. ch. 13-09.1 (Money Transmission Modernization Act).

Primary regulator: North Dakota Department of Financial Institutions.

North Dakota’s current framework comes from its 2023 Money Transmission Modernization Act rather than a separate Bitcoin ATM-specific law.

Official source: state licensing and guidance materials.