ATM operator closes thousands of locations after being strangled by regulation — including in California
Bitcoin
A Bitcoin ATM giant that once flooded the nation with machines has filed for bankruptcy after strict state regulations — including in California — kneecapped its business model. Bitcoin Depot voluntarily filed for Chapter 11 bankruptcy in the Southern District of Texas and will begin winding down operations and selling off its assets, according to The Sun . The Atlanta-based fintech company operated roughly 9,700 Bitcoin ATMs nationwide, mostly in convenience stores and gas stations. But its
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