Bitcoin Depot Tightens Rules, Demanding ID On Each Crypto ATM Trade

Bitcoin Depot has begun requiring customer identification for every transaction across its U.S. crypto ATM network, a significant escalation in compliance checks for a corner of the industry long criticized for lax verification. The company said the policy has been in effect since early February, making ID checks mandatory even for smaller purchases that previously might have gone through with minimal friction depending on kiosk settings and state rules. A Uniform ID Requirement Reshapes The Bitcoin ATM Experience Crypto ATMs have grown into a widely used on-ramp for cash-to-crypto purchases, but they’ve also attracted sustained attention from law enforcement

Continue reading on DailyCoin.