Bitcoin Depot, North America's largest Bitcoin ATM operator hits Hong Kong, kicking off their plans of expansion in the Asian market.

"Bitcoin ATMs in Hong Kong must obtain a Money Service Operator license from the Customs and Excise Department to legally facilitate cash-to-crypto transactions. According to data from Coin ATM Radar, there are 223 Bitcoin ATMs operating in the city. A company spokesperson also told Cointelegraph that its “compliance team worked closely with local partners to ensure our Hong Kong operations meet all applicable requirements, including licensing, AML, and KYC standards.”"

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