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Blockchain Business Crypto Regulation Featured Security Tech

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Hashkey Launches One-Stop RWA Tokenization Platform
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Home BlockchainBitcoin Depot Will Require ID for 'Every Transaction' at ATMs Amid Growing Pressure
Blockchain

Bitcoin Depot Will Require ID for 'Every Transaction' at ATMs Amid Growing Pressure

by Decrypt
written by Decrypt 0 comments
Bitcoin Depot Will Require ID for 'Every Transaction' at ATMs Amid Growing Pressure

In brief

  • Bitcoin Depot will begin requiring personal IDs for each transaction at its ATM.
  • The company previously refined its compliance procedures in October.
  • The Massachusetts attorney general filed a lawsuit against the firm earlier this month.

Bitcoin Depot will begin verifying customers’ identities each time they use its ATMs, voluntarily refining its compliance procedures amid mounting pressure from state prosecutors.

The move marks a “significant advancement” in Bitcoin Depot’s efforts to…

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