KYC changes at Bitcoin ATMs: Everything you need to know
Want to remain anonymous when buying or selling cryptocurrencies at Bitcoin ATMs? However, there are changes in the world of regulation and legislation that have a huge impact on the way you use devices such as Bitcoin ATMs. In this article, we will explain the most important aspects related to KYC (Know Your Customer), EU regulations (especially MiCA) and how this may translate into your future transactions.
Table of contents
What is KYC and why is it important?
MiCA - key changes in cryptocurrency regulations
Existing limits in Bitcoin ATMs: What is changing?
Next stages of change: March 2025 to September 2025
Why has Bitomat.com extended the period of anonymous transactions?
What does the VASP vs. CASP license mean?
How do you protect yourself from full KYC?
Frequently Asked Questions (FAQ)
Summary
What is KYC and why is it important?
KYC (Know Your Customer) is a set of procedures that financial institutions -
including cryptocurrency exchanges or operators Bitcoin ATMs - implement to
verify the identity of their customers. According to the latest data
Financial Action Task Force (FATF, 2022, p. 11)
and a report
European Commission (European Commission, 2021, p. 5),
correct implementation of KYC plays a key role in the fight against financial crime
and money laundering, particularly in the area of cryptocurrencies and digital assets.
MiCA - key changes in cryptocurrency regulations
MiCA (Markets in Crypto-Assets) is a package of European Union regulations that aims to unify and systematize rules for the digital asset market in all EU countries.
Effective date: not certain
Main goal: Ensure transparency, safety and consumer protection in the cryptocurrency market.
Why it matters. The MiCA imposes strict requirements for cryptocurrency service providers, including the requirement for full identity verification in most cases.
Existing limits in Bitcoin ATMs: What is changing?
The change originally planned for December 30, 2024, was to completely change KYC limits. However, there have been some last-minute adjustments, as well as differences by country.
As of January 1, 2024, full customer identification required for every transaction. This is already confirmed for sure and has already gone into effect.
End 2025/early 2026: MiCA is directly applicable throughout the EU, but member states must adapt their national laws and supervisory practices accordingly. As a result, the timing of MiCA's practical application may vary from country to country. Until the new regulatory requirements take effect, you can continue to use our services as before. We will inform you of any required updates in advance.
MiCA regulations do not apply here. For now, there are no immediate changes, but we encourage you to follow our newsletter for possible future regulations.
Why hasn't Bitcoin ATM.com made changes yet?
According to legal analyses and interpretations, Bitomat.com (and other VASP-licensed entities) does not yet have to implement full KYC until March 2025 in some countries (check in which in the images above). This is due to the fact that:
VASP-licensed entities are not directly subject to the Travel Rule, which enforces full identification.
For CASPs (companies already licensed under the new rules), full KYC applies earlier.
Starting identification before obtaining a MiCA license could violate RODO/data protection regulations.
The effect? Until March 2025, you can still enjoy partial or full non-verification at Bitcoin ATMs, provided your daily amount does not exceed €990.
What does the VASP vs. CASP license mean?
Comparison: VASP vs. CASP
Element
VASP
CASP
License requirements
Less stringent; entities are still using the pre-MiCA system.
A more extensive licensing process that complies with new MiCA regulations.
KYC
Possibility to delay full customer verification until March 2025.
Mandatory broader customer verification from the beginning of operations.
Travel Rule obligation
Limited; Travel Rule will fully affect VASPs only after the official transition to CASP.
It is subject to full implementation of Travel Rule from the moment it is licensed.
Impact on users
Users can enjoy anonymous transactions for longer (under €990/day).
Customers must quickly adapt to the new requirements (no more anonymity).
Regulatory perspective
Temporary; until MiCA regulations are fully implemented, requirements are less stringent.
Target model for EU regulation; greater emphasis on transparency and AML prevention.
VASP (Virtual Asset Service Provider) - the "old" model for licensing cryptocurrency services in some EU countries.
CASP (Crypto-Asset Service Provider) - a "new" licensing model introduced by MiCA that requires compliance with much stricter regulatory standards, including broader KYC.
In practice:
Entities operating as VASPs still have time to implement full KYC.
CASP-licensed entities already have to implement MiCA requirements (including extensive customer verification).
Frequently Asked Questions (FAQ)
1 Can I still buy cryptocurrencies anonymously until March 2025? Transactions equal to or exceeding €1,000 require an identity document to be scanned on the device. In the event that the same person buys or sells cryptocurrency on a single day in several transactions for a total amount equal to or greater than €15,000, we interpret these transactions as related and require a scan of the ID in that case as well. In special cases such as attempts to obscure one's face during a transaction, we reserve the right to require the scanning of an ID for smaller amounts as well.
2 Why will it be so difficult to remain anonymous after MiCA comes in? MiCA harmonizes regulations across the EU, forcing verification of users. This is mainly related to AML (Anti-Money Laundering) regulations and protecting users from abuse.
3. will Bitcoin ATM.com always require KYC? Ultimately - yes. According to the regulations, any transaction exceeding any threshold in the EU will require identification. But until then, you can still benefit from the current limits, especially with your VASP status.
4. Do other countries outside the EU have similar regulations? Yes and no. Each country may have its own regulations on cryptocurrencies. In non-EU regions, MiCA does not apply, but many countries are introducing or considering similar regulations.
Summary
The upcoming changes to KYC (Know Your Customer) - particularly under the influence of MiCA regulations - will have a huge impact on the anonymity of cryptocurrency users. Bitcoin ATMs, which have so far offered a relatively high level of privacy, will gradually be forced to implement full verification. The MiCA is directly applicable across the EU, but member states must adapt their national laws and supervisory practices accordingly. As a result, the timing of MiCA's practical application may vary from country to country. Until the new regulatory requirements take effect, you can continue to use our services as before. We will inform you of any required updates in advance.
Follow the Bitomat.com blog and other trusted news sources to stay up-to-date on legal updates and news in the cryptocurrency world.
Thanks to this article, you already know what awaits you in the context of KYC in Bitcoin ATMs. please visit Bitomat.com/blog for the latest articles, tips and updates!
Want to act now? Check out our map Bitcoin ATMs and see where you can still take advantage of deals while maintaining current anonymity limits.
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