Tiny Bitcoin ATM Firm Bity Plans to Fight Giant Swiss Regulator FINMA in David vs Goliath Battle

What angered Bity is FINMA tightening know-your-customer (KYC) rules. Anyone using a Bitcoin ATM in Switzerland must now do a KYC check – in other words, reveal their identity – if they transact more than 1,000 francs (about $1,150) over a 30-day period. This is being implemented in an undemocratic way, Bity CEO Alexis Roussel said in an interview.