Crypto ATM crackdowns are spreading — and Bitcoin Depot stock is in the frame
Shares of Bitcoin Depot Inc rose roughly 4.6% to $1.37, even as the bitcoin ATM operator faces increasing regulatory pressure from U.S. cities and states cracking down on crypto kiosks amid a surge in fraud complaints. That’s key for operators since these machines — known as virtual currency kiosks — convert cash into crypto and transfer it to a digital wallet. Regulators say scammers often use this method to rush victims into paying. A recent PYMNTS report highlighted fresh local bans and stricter state limits, noting that warning labels and ID verification are increasingly common requirements.
