Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto

Miami based bitcoin ATM maker Bitstop has recently installed Miami International Airport’s first crypto ATM, according to a press release issued October 15. The installation adds to the 106 machines the company has already placed across the U.S. Further, it raises important questions about the benefits and legality of traveling with crypto in lieu of cash, when it comes to declaration of assets.

Also Read: Where US Regulators Stand on Cryptocurrency

Traveling Privately With Crypto

While the installation of another crypto ATM doesn’t exactly herald groundbreaking change in the crypto space, per se, Bitstop’s new ATM in Miami International Airport’s concourse G does merit some attention. First, though Bitstop advertises the user experience as “private,” travelers must first register with the company using a valid “ID or mobile device.” Given the current regulatory climate in the space, it seems that the days of legal, non-ID ATMs may soon be a…