The coronavirus crisis affects many different businesses and industries. Even Bitcoin ATM operators cannot escape this problematic trend, as Bitcoin Depot is shutting its machines temporarily. The world as people knew it has perhaps changed forever since the coronavirus crisis. Coronavirus Spoils Bitcoin Depot’s Momentum Several facts of everyday life may never return to who they were, depending on how long this pandemic will continue to wreak havoc. Until the …
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In a new statement, the IRS confirms it will continue to focus on cryptocurrency activities. Particularly those individuals and companies operating Bitcoin ATMs and Kiosks may see some intervention pretty soon.  As the IRS continues to target cryptocurrency users, they are doing so in a deliberate manner. Bitcoin ATMs may Facilitate Tax Evasion First, they want after traders of Bitcoin and altcoins who might not have reported their taxes properly. …
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Cryptocurrencies have been of great interest to companies and service providers alike. In particular, companies dabbling in the Bitcoin ATM business will be making a lot of improvements in the future, including integrating support for altcoins. Most recently, Athena Bitcoin, a well-known operator in the US, added Bitcoin Cash support to their machines. Athena Bitcoin Makes an Interesting Decision No one will deny Bitcoin Cash has made a big impact on the …
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