The post Bitcoin Depot Will Require ID for ‘Every Transaction’ at ATMs Amid Growing Pressure appeared on BitcoinEthereumNews.com.

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 prevent fraud and other illicit activity, the Atlanta-based firm said in a press release. The company began implementing the policy across a phased rollout earlier this month, it added. By making personal IDs mandatory for every transaction, the company is trying to tamp down on account sharing, identify theft, and account takeover attempts, it said. In October, Bitcoin Depot began requiring customers to provide IDs when they initially use its services.  “Verifying identity at every transaction helps us catch patterns that might not show up during onboarding,” CEO Scott Buchanan told Decrypt. “Bitcoin Depot takes this matter very seriously as we continue to prioritize customer trust and security.” The firm operating 8,800 ATMs in North America saw its stock price fall 6.7% on Tuesday to $5.37, according to Yahoo Finance. Its shares have tumbled 80% over the past six months. Bitcoin Depot says it’s enabling broader access to digital assets by letting customers purchase Bitcoin with cash through its machines, but state prosecutors in Massachusetts and Iowa are among those that have alleged the firm knowingly profits from scams against the elderly. In 2025, Americans lost $333 million from fraud related to crypto ATMs, according to the FBI. And last year, a report from AARP found that 14 states passed laws targeting crypto ATMs, with states like California and Texas imposing strict transaction limits. Scammers are increasingly…

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Filed under: News - @ February 24, 2026 10:23 pm