Odaily Planet Daily reports that due to pressure from prosecutors in multiple states, Bitcoin ATM operator Bitcoin Depot will require customers to present personal identification for verification each time they use its ATMs.
The company stated that this move aims to combat account sharing, identity theft, and account takeover activities, representing a significant step forward in preventing fraud and illegal activities. Earlier this month, the Massachusetts Attorney General filed a lawsuit against the company, accusing it of deliberately profiting from scams targeting the elderly. FBI data shows that in 2025, losses from cryptocurrency ATM fraud in the U.S. reached $333 million. Currently, Bitcoin Depot operates 8,800 ATMs across North America.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polymarket Trader Nets Millions with Bitcoin Bets
A Polymarket trader gained $2.35M in one month through disciplined short-term Bitcoin bets, leveraging high-stakes strategies and consistent wins, with individual trades yielding significant profits.
CryptoFrontNews29m ago
Best Crypto Presale: ProShares Launches GENIUS Act ETF as Khamenei’s Death Sends BTC to $68K, but Pepeto Presale Was Already Climbing
ProShares launched a stablecoin reserve ETF under the GENIUS Act while Khamenei’s death reshuffled global markets. Pepeto at $0.000000186 with three products and 211% staking climbed through both events without needing either.
The intersection of traditional finance and crypto took a major
CaptainAltcoin30m ago
BTC drops below 66,000 USDT
Gate News bot message, Gate market display, BTC drops below 66,000 USDT, current price 65,892.5 USDT.
CryptoRadar31m ago
Minnesota Weighs Total Ban on Bitcoin and Crypto ATMs
In brief
Lawmakers in Minnesota are considering a total ban on crypto ATMs.
The state passed a regulatory framework for the machines in 2024.
Countries like New Zealand have recently imposed sweeping bans.
Lawmakers in Minnesota are considering a total ban on crypto ATMs, with
Decrypt35m ago
Crypto Market Struggles as Bitcoin and Ethereum Post Weak Q1 2026 Performance
_Bitcoin and Ethereum recorded one of their weakest first quarters in history during 2026, reflecting falling liquidity and rising global uncertainty._
The global crypto market faced strong pressure during the first quarter of 2026. Major cryptocurrencies Bitcoin and Ethereum displayed an
LiveBTCNews1h ago
Strategy Raises STRC Dividend to 11.50% as Bitcoin Buying Strategy Continues.
_Strategy raised the STRC preferred stock dividend to 11.50% in March 2026, continuing monthly rate hikes._
_STRC’s monthly rate reset supports the ATM program, allowing Strategy to issue new shares to buy more Bitcoin._
_Investors in STRC assume corporate credit risk, as shares are
LiveBTCNews1h ago
