Wisconsin Bitcoin ATM Regulations
Wisconsin Division of Banking guidance (May 2025) requires money transmitter licensing, a $2,000 daily limit for all customers, and a specific physical "FRAUD ALERT!" warning on all machines.
Licensing Requirements
The Wisconsin Division of Banking requires Bitcoin ATM operators to obtain a money transmission license. This requirement has been in place and was reinforced with May 2025 guidance.
Licensure can be revoked for gross negligence in fraud prevention, making compliance with all anti-fraud requirements critical.
Transaction Limits
Wisconsin applies a uniform $2,000 daily limit to ALL customers, with no distinction between new and existing customers per the May 2025 guidance.
| Customer Type | Daily Limit | Notes |
|---|---|---|
| All Customers | $2,000 | No distinction between new/existing |
Customer Script
"In Wisconsin, we limit all customers to $2,000 in cash transactions per day to help prevent fraud and protect your funds."
Physical Warning Requirements
Wisconsin has unique requirements for physical fraud warning signage that must be affixed to all Bitcoin ATM machines.
Compliance Note - Required Physical Warning
Wisconsin requires a specific "FRAUD ALERT!" warning to be physically affixed to the front of the machine in at least 20-point font. This is a physical signage requirement, not just an on-screen warning. Machines without this warning may result in licensing penalties.
- Warning must say "FRAUD ALERT!"
- Must be in at least 20-point font
- Must be physically affixed to the front of the machine
- Must be clearly visible to customers before transaction
KYC Requirements
Wisconsin follows general money transmission laws for KYC requirements. All operators must comply with standard identification and record-keeping requirements.
- Government-issued ID required for all transactions
- Customer information must be verified and retained
- Standard AML/KYC procedures must be followed
- Gross negligence in fraud prevention can result in license revocation
Regulatory Reference
Bitcoin ATM operations in Wisconsin are governed by the Division of Banking under existing money transmitter laws, with additional guidance issued in May 2025.
May 2025 Division of Banking Guidance