POPA ReconBitcoin Depot Files Chapter 11; 9,000 Bitcoin ATMs Go Dark
Bitcoin Depot Files Chapter 11; 9,000 Bitcoin ATMs Go Dark Bitcoin Depot, once the largest Bitcoin ATM operator in North America with roughly 9,000 kiosks across 47 US states, has filed for voluntary Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of Texas. CEO Alex Holmes cited a fundamental shift in the regulatory environment as the decisive factor: states have imposed increasingly stringent compliance obligations including new transaction limits, and in some jurisdictions have issued outright restrictions or bans on Bitcoin ATM operations. Bitcoin Depot report…
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