Bitcoin Depot, a leading Bitcoin ATM operator, will now require customers to present personal identification for every transaction at its ATMs. This decision comes amid pressure from multiple state attorneys general and aims to combat fraud, identity theft, and account takeovers. The move is seen as a significant step in preventing illegal activities associated with cryptocurrency transactions.
The change follows a lawsuit filed by the Massachusetts Attorney General, accusing Bitcoin Depot of profiting from scams targeting elderly individuals. According to FBI data, cryptocurrency ATM fraud in the U.S. led to $333 million in losses in 2025. Bitcoin Depot operates 8,800 ATMs across North America, making it one of the largest operators in the region.
Bitcoin Depot Mandates ID Verification for All ATM Transactions
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