Bitcoin ATM Regulations with Bill Repasky - WBD138

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 15 August 2019

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Location: Skype
Date: Wednesday, 15th August
Project: Frost Brown Todd LLC
Role: Corporate Attorney

Regulations are have always been in front of mind for the Bitcoin industry. Ever-increasing surveillance has accompanied the evolution of technology, primarily financial surveillance.

Bitcoin is the first money owned by the people and is often seen as a threat to the state, as such the state has struggled to adapt to it.

For businesses who operate in the industry, working with and understanding state regulations is non-negotiable. One company helping companies navigate this is Frost Brown Todd, one of the largest law firms in the Midwest United States.

In this interview, I speak to Bill Repasky, a Corporate Attorney with the firm, to talk about the potential hurdles of operating a Bitcoin ATM business. We discuss the regulatory requirements of FinCEN, Money Transmitter Licenses, and how the current landscape lends itself to companies able to scale.

Transcript

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0:00.0	Welcome to the What Bit
0:02.0	the What Bit-Did podcast.
0:05.0	Hi there, how are you all?
0:08.0	You all have a great week.
0:09.0	I enjoy my ATM week has just been a useful set of shows.
0:12.0	It would be great to hear from you if it is. I'm still here. My ATM week has been a useful set of shows.
0:12.8	It would be great to hear from you if it is.
0:14.5	I'm still here in Vietnam, but I'm holed up in my hotel room.
0:17.7	I've busted my back.
0:18.9	I can barely walk, which isn't fun.
0:21.6	So yeah, well, it leaves me here to be able to record these
0:23.8	intros and get this latest show out for you. I'm just about to leave Hoiyan. I've had an
0:27.3	amazing time here. What a place. If you ever want to come out to Vietnam you've
0:30.1	got to visit Hoiyan. It's probably the best place I've visited in the world.
0:35.6	Anyway, welcome to the Wobbitquinted podcast which is brought to you by Krakan and continuing the theme of
0:40.9	ATMs this week. I have an interview with Bill Ropaski from Frost
0:44.5	Brown Todd, a legal firm based across the states. And I organized this interview as part of
0:48.9	ATM week because I wanted to cover more about the regulations regarding the operation of
0:52.8	Bitcoin ATMs but before we get into that I do have a message from my show
0:56.4	sponsors. So firstly today's show is brought to you by coin ATM radar.
1:00.7	Buying from a machine is much more reliable and safer from meeting some random
1:05.3	person in a random location. With coined ATM radar you can find Bitcoin
	...

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