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via The Block · By The Block Editorial

US crypto ATM operator Bitcoin Depot files for Chapter 11 to wind down business

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The Block Editorial

(06:10 AM UTC)

1 min read

Approved byDavid Kim

972 views

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Nasdaq-listed bitcoin ATM operator Bitcoin Depot (BTM) announced Monday that it has filed for a Chapter 11 bankruptcy in the Southern District of Texas to close down operations.

In a press release, Bitcoin Depot said that the changing regulatory environment has made it difficult for the company to continue pursuing business.

"The regulatory environment for BTM operators has shifted…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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