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Re:First Bitcoin ATM by pedalpete on Sunday October 27, 2013 @06:38PM (#6623954)
Why is this machine always asking for the users fingerprints? Doesn't that break the anonymity of bitcoin?
Re:First Bitcoin ATM by paulgb on Sunday October 27, 2013 @07:17PM (#6624115)
My understanding is that it's to comply with money-laundering laws. They limit the size of the transaction per-day and per-person.

I haven't bought bitcoins (online or through an ATM), but it seems any purchase of bitcoins from any electronic money transfer would have the same issue of breaking anonymity. I suppose there are ways to anonymize the funds once you have them.

Re:First Bitcoin ATM by nwh on Sunday October 27, 2013 @07:22PM (#6624146)
This is it really. There's a limit to the amount of cash they can do per person per day, and this is a way to ensure people don't go over the limit.
Re:First Bitcoin ATM by colinloretz on Sunday October 27, 2013 @07:27PM (#6624169)
It doesn't seem like the scanner is required for these machines and it does so using palm-vein scanning, not fingerprints. They are doing so to prevent any single user from withdrawing over a legal limit in a day.

"If enabled, the Palm Vein Scanner can limit a user's daily transaction amount by taking a unique, anonymous (no fingerprints) infrared picture of a customer's blood vessels to assist in AML compliance."

Re:First Bitcoin ATM by thaumasiotes on Sunday October 27, 2013 @08:19PM (#6624324)
It's difficult to argue that information which is specifically used to uniquely identify you is "anonymous".
Re:First Bitcoin ATM by betterunix on Sunday October 27, 2013 @07:44PM (#6624224)
What anonymity of Bitcoin? Nothing in the design of Bitcoin protects anonymity, nor is it a clearly stated security goal.
Re:First Bitcoin ATM by csomar on Sunday October 27, 2013 @07:17PM (#6624118)
I think they are trying to avoid fraud. Since they seem to be limiting to amount you can withdraw, they probably need some way to authenticate you.
Re:First Bitcoin ATM by lukerohde on Sunday October 27, 2013 @07:17PM (#6624112)
Not to mention that that is associated with a government ID and a photo. Why not just use a bank account...?