The Wisconsin State Senate is considering a bill, SB386, that would enforce stringent Know Your Customer (KYC) regulations on Bitcoin ATMs. This move aims to increase oversight of cryptocurrency transactions within the state. Mandatory KYC for Bitcoin Purchases Under the proposed legislation, individuals using Bitcoin ATMs in Wisconsin would be required to present a valid photo identification before completing any transaction. This measure seeks to link real-world identities to Bitcoin purchases, potentially deterring illicit activities. Transaction Limits Imposed In addition to KYC requirements, SB386 proposes capping Bitcoin ATM transaction limits at $1,000. This restriction intends to limit the amount of Bitcoin an individual can acquire anonymously through these machines. The bill is currently under review by the Senate. ```

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