Bitcoin Depot, the largest Bitcoin ATM operator in the US, is now requiring users to provide identification for every transaction to prevent illicit activity. The company has implemented this new policy to detect suspicious activity and eliminate misuse by bad actors such as account sharing and identity theft.

The US is the largest hub for Bitcoin ATMs, with Bitcoin Depot leading the market with 9,019 kiosks out of 31,360 machines nationwide. Regulators and lawmakers are cracking down on crypto ATM operators to prevent scams and protect consumers from fraud.

Bitcoin Depot is facing state-level lawsuits, with Massachusetts and Maine attorneys general suing the company for allegedly not implementing enough safeguards to prevent scams. Iowa’s attorney general has also launched a lawsuit against Bitcoin Depot and its rival Coinflip for failing to protect consumers from fraudulent activities.

Read more at Cointelegraph: Bitcoin Depot Introduces ID for All Transactions