I heard about Bitcoin Depot – they now require showing documents for every transaction at their machines. It turns out, prosecutors in several states have been pressuring them over fraud, especially in Massachusetts. The attorney general there recently filed a lawsuit accusing the company of deliberately profiting from scams targeting seniors.



FBI data shows that last year, Americans lost over $330 million through ATM scams. That’s a serious figure. The company says that verification will help fight account sharing and identity theft.

Interestingly, Bitcoin Depot already has 8,800 machines across North America. Such a scale for a Bitcoin ATM business, yet they are still dealing with these issues. I think this is a trend – all platforms are tightening verification. What do you think, will this help or just make it harder to use?
BTC-1.6%
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