In most countries, cryptocurrencies remain in a legal grey zone, and operating without a legal permission puts your business in jeopardy. Like this post? The former only allows customers to purchase Bitcoin. Apart from federal laws, US residents also have to comply with local laws that are determined by the state. Dealing with banks , which represent the traditional sector of the financial industry, is yet another hindrance related to owning your own ATM. That is why Bitcoin teller machines have a rather shady reputation since they are believed to be popular with unbanked people who have plenty of cash on their hands thus, they are willing to shell out a sky-high fee. Facebook Messenger.