Are armored carriers allowed to pick up cash from Bitcoin ATM Operators and deposit it into their vault account and then transfer it over to our account?

The question in full

For Bitcoin ATM (BTM) operators in 2026, managing the physical 'Cash-to-Crypto' loop is a logistical hurdle. The question of whether armored carriers can pick up cash, deposit it into a vault account, and then transfer it to a fintech or bank account is answered by a mix of armored car exemptions and MSB regulations. Under 31 CFR § 1010.100, armored carriers are exempt from money transmitter status if they are 'primarily engaged in physical transportation.

Answer

Yes, this is what our banking partners prefer. The armored car service would pick up the cash, deposit the money into their own account and then, preferably, Fedwire the money to your bank account (which we will provide).

Are armored carriers allowed to pick up cash from Bitcoin ATM Operators and deposit it into their vault account and then transfer it over to our account?

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