North America's largest Bitcoin ATM operator cited a hostile regulatory environment and an 'unsustainable' business model.
With regulators cracking down on the cash-to-cryptocurrency kiosks in a bid to stop scammers, Bitcoin Depot has said that its business model is no longer viable.
The FBI says Americans have lost over $388 million last year to scams using cryptocurrency kiosks, also known as crypto ATMs or Bitcoin ATMs. Cryptocurrency kiosks are physical, standalone electronic ...
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