Bitcoin Depot rolls out ID checks for every US crypto ATM transaction amid legal scrutiny

Bitcoin Depot, the largest Bitcoin ATM operator in the United States, began rolling out a requirement in February for users to verify their identity for every transaction at its crypto ATMs. The company first introduced ID checks for all new users in October and is expanding this to all transactions to detect suspicious activity and curb misuse such as scams and identity theft. The move comes as multiple U.S. state attorneys general pursue lawsuits and settlements alleging the firm failed to implement sufficient protections against fraud.