Bitcoin Depot Enhances Leading Compliance Program with ID Verification and Senior Protections
ATLANTA, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Bitcoin Depot ("Bitcoin Depot" or the "Company") (NASDAQ:BTM), a U.S.-based Bitcoin ATM ("BTM") operator and leading fintech company, today announced the recent roll out of new compliance standards that make it one of the only operators in the industry to require customers to provide identification before transacting for any amount of money. The initiative applies to all new and existing customers, ensuring they benefit from the highest level of protection, well beyond what is currently required by federal law. The Company has also launched additional protections for seniors, reinforcing its leadership in consumer protection and responsible access to digital assets.
"Bitcoin Depot has always placed compliance and consumer protection at the center of our business," said Brandon Mintz, CEO of Bitcoin Depot. "By strengthening our safeguards, we're making crypto access safer and more trusted for everyone, while setting the standard for the industry."
Building on its existing protocols, including robust Know Your Customer (KYC), Anti-Money Laundering (AML) safeguards, and blockchain monitoring, the Company's expanded identity collection and verification requirements further separates Bitcoin Depot from the rest of the industry and demonstrates its leadership in elevating the standard for compliance. Collecting this information enables the Company to strengthen its compliance framework and ensure greater protection for customers against fraud and money laundering risks.
The Company has also reinforced its protections for older adults, adding additional protections to identify and prevent potential scam activity. These safeguards reflect Bitcoin Depot's continued investment in compliance and its commitment to protecting consumers.
These measures follow the Company's appointment of Philip Brown as Chief Compliance Officer in July 2025, underscoring Bitcoin Depot's continued investment in regulatory leadership and consumer protection.
Commenting on the new protections, Brown said: "Requiring ID from every customer and adding senior-specific safeguards enhances our ability to stop scams sooner and protect legitimate users, while keeping access to crypto kiosks simple and accessible."
Bitcoin Depot kiosks allow customers to seamlessly convert cash into Bitcoin, which customers can use to access the broader digital financial system for payments, transfers, remittances, and investments.
For more information, visit www.bitcoindepot.com.
About Bitcoin Depot
Bitcoin Depot Inc. (NASDAQ:BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 47 states and at thousands of name-brand retail locations in 31 states through its BDCheckout product. The Company has the largest market share in North America with over 9,000 kiosk locations as of August 2025. Learn more at www.bitcoindepot.com.
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Contacts:
Investors
Cody Slach
Gateway Group, Inc.
949-574-3860
[email protected]
Media
Brenlyn Motlagh, Ryan Deloney
Gateway Group, Inc.
949-574-3860
[email protected]
