Vermont Bitcoin ATM Regulations
Vermont adopted virtual currency kiosk-specific rules in 2024, including a $1,000 daily cash-purchase cap, fee cap, and licensing requirements.
Licensing Requirements
Vermont requires Bitcoin ATM operators to hold a Vermont money transmitter license, and Act 110 added kiosk-specific rules in 8 V.S.A. § 2577.
The law included a moratorium that prevented new kiosk deployment before July 1, 2025, while allowing machines already operating on or before June 30, 2024 to continue if they complied with the statute and Department requirements.
Vermont’s Department of Financial Regulation also publishes annual reporting on virtual currency kiosk activity in the state.
Transaction Limits
Vermont imposes a $1,000 daily transaction limit for cash purchases of virtual currency at money transmission kiosks.
| Customer Type | Daily Limit | Notes |
|---|---|---|
| All Customers | $1,000 | Cash purchases at virtual currency kiosks |
Grandfathering Rule
The 2024 law grandfathered machines already operating in Vermont before July 1, 2024, while blocking new machines during the moratorium period.
Fee Caps
Fee Cap
Vermont caps fees for virtual currency kiosk transactions at the greater of $5 or 3% of the transaction value.
KYC & New Customer Rules
Vermont’s kiosk rules operate alongside ordinary money transmitter licensing and federal AML obligations.
- Money transmitter licensure remains required.
- Federal AML, sanctions screening, and suspicious activity reporting still apply.
- Operators should maintain records sufficient to satisfy both Vermont and federal examiners.
Legislative Reference
Vermont’s kiosk framework is codified at 8 V.S.A. § 2577 and discussed in the Department’s report on virtual currency kiosks.
Official source: Vermont DFR report pursuant to 8 V.S.A. § 2577(g).