355 crypto ATMs are located in Asia, which is home to significant economies including Japan, China, India, and Singapore. This region is home to 1% of all crypto ATMs deployed globally.
Australia has installed more cryptocurrency ATMs than any other continent. Australia has been installing cryptocurrency ATMs nonstop since January 2023, moving up from 6th to 3rd in one month itself. Data from the Coin ABM Radar demonstrates that the nation has continued to work to provide channels for converting fiat currency to cryptocurrency.
Australia Becomes The 3rd Largest Crypto Country
In contrast to major European countries and the US, which recorded a decline in ATM inaugurations in that period, the continent steadily installed Bitcoin ATMs throughout the last eight months.
355 crypto ATMs are located in Asia, which is home to significant economies including Japan, China, India, and Singapore. This region is home to 1% of all crypto ATMs deployed globally. Australia now has 364 cryptocurrency ATMs after several weeks of additions.
The overall number of installed crypto ATMs globally exhibited a constant fall, which contrasted with Australia’s development in crypto ATMs. The number of net crypto ATMs set up worldwide decreased by 413 machines in the initial three months of this year, according to prior Cointelegraph reporting.
Leaked internal papers from the Department of Finances indicated crypto regulation is a part of the list, complementing the nation’s dramatic rise in cryptocurrency ATMs.
The government of Australia intends to publish consultation documents in the subsequent half of 2023. The finance department had formally launched a consultation document on token mapping that served as the foundation for impending crypto laws, thus the move appears probable.
But it appears that any action on cryptocurrency law will be delayed until 2024 because the final presentations to the agency are expected to be made towards the end of the year.
