Bitcoin Depot converts BTC ATMs software to reduce operating costs

Crypto ATM installations have seen a steady decline across the world over the past several months. While some ATMs have been taken out of operation due to geopolitical tensions and revenue decline, providers like Bitcoin Depot have started converting their physical Bitcoin (

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), recently announced that all crypto ATMs operating in the U.K. are unregistered and illegal.

At the time, FCA’s executive director of enforcement Mark Steward shared the intention to disrupt unregistered crypto businesses in the country.