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 Script
"In Wisconsin, we limit all customers to $2,000 in cash transactions per day to help prevent fraud and protect your funds."
| Customer Type | Daily Limit | Notes |
|---|---|---|
| New Customer | $2,000/day | |
| Existing Customer | $2,000/day | After new customer period |
Fee Caps
Compliance Note - Fee Limits
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KYC & New Customer Rules
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
Physical Warning Requirements
Physical Warning Requirements
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.
Legislative Reference
The primary guidance governing Bitcoin ATM operations in Wisconsin is the May 2025 Division of Banking Guidance.
May 2025 Division of Banking Guidance
May 2025 Division of Banking Guidance