Bitcoin ATM operators unite to end money laundry

TL;DR Breakdown Bitcoin ATM operators unite to create CCC to end crypto money laundery.CCC to ensure BTM operators enforce KYC, AML checks.Bitcoin ATM continues to garner traction in the US. Bitcoin ATM operators in the United States of America have come together to create an association through which they can collectively combat money laundry.  Other Bitcoin ATM operators partnered with Coinsource, a leading crypto ATM firm to launch the Cryptocurrency Compliance Cooperative (CCC), aimed at ensuring crypto ATM companies comply with regulatory standards.  Beyond crypto ATM operators, other blockchain firms like analytics providers, Chainalysis, Elliptics also are part of the newly launched CCC.  The CCC now pushes for other businesses in the crypto industry, regulators and financial institutions to all join in its fight against combating crypto crimes and ending crypto money laundry.  Bitcoin ATM operators to enforce KYC, AML checks  The major target for the CCC as it launches operation is to ensure Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. Most BTM operators have relaxed KYC checks.  Coinsource head of compliance Bo Oney said several Bitcoin ATM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirement.  He noted that such lax provide a haven for bad actors who take advantage of ATMs for illicit activities. He ...