Morris Manning & Martin, LLP

MMM’s Austin Mills chimes in on the emergence of Bitcoin ATM’s in convenience stores

10.16.2017

When bitcoin ATMs arrived on the scene about four years ago, the virtual currency and peer-to-peer payment system stepped out of the online world into the real world. Before, bitcoin users had to purchase the currency on a bitcoin currency exchange and transfer to a digital wallet. 

“Some bitcoin ATMs may have questionable anti-money laundering practices and procedures that allow people to go from [traditional] currency to bitcoin without it being traceable to them,” said Austin Mills, head of the blockchain and cryptocurrency group at Atlanta-based law firm Morris, Manning & Martin LLC.

 

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Article by: Tim Grant
Featured in Post-Gazette, October 16, 2017
 

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