Bitcoin Depot Implements ID Requirement for Every Transaction at Its ATMs

Bitcoin Depot, a leading operator of cryptocurrency ATMs in North America, has announced that it will require customers to provide identification at every transaction made through its machines. This new policy is part of the company's efforts to strengthen its compliance procedures and prevent illicit activity.

The move follows increasing pressure from state prosecutors, who have accused Bitcoin Depot of knowingly facilitating scams against the elderly. The company operates over 8,800 ATMs across North America and has seen its stock price fall by more than 80% in recent months.