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Bitcoin Depot, one of the largest operators of #البيتكوين ATMs in the #United States, has filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code, in preparation for liquidating its business and selling its assets.
CEO Alex Holmes explained that the company has faced increasing pressure due to a more hostile regulatory environment, including stricter compliance requirements, transaction limit reductions, lawsuits, regulatory and enforcement actions, as well as a complete ban on Bitcoin ATMs in certain areas.
The company confirmed that all of its Bitcoin ATM machines have been taken offline as part of the restructuring process overseen by the court.
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