Australia Crypto ATMs Skyrocket, Beating El Salvador

Data from Coin ATM Radar shows that 95 crypto ATMs have been removed from the count around the world so far in the new year. However, the installation of crypto ATMs has skyrocketed in Australia.

development is important, especially when considering areas El Salvador Has vowed to turn the country into a regional crypto powerhouse. There are only 212 crypto ATMs in El Salvador, which is just 0.5% of the total.

With 219 cryptocurrency ATMs, Australia is slightly ahead with a 0.6% share of all crypto ATMs.

This is despite the fact that stricter cryptocurrency regulations are due to be introduced in Australia in 2023.

crypto atm distribution data per coin atm radar
crypto atm by distribution coin atm radar

Improvement in Australia despite strict rules

reports noted Australian Prime Minister Anthony Albanese insisted last month that his administration is improving the regulation of crypto services. Meanwhile, the government is set to publish a consultation paper in early 2023 to determine which digital assets will be subject to legal regulation. Additionally, a new custody and license regime may soon make its way. Initial consultation on the country’s payment system was initiated by the government and is still Opening For comments by 6 February. The September release of Senator Andrew Bragg’s Digital Assets (Market Regulation) Bill 2022 could also decide the direction of the country’s crypto policy, according to experts.

Meanwhile, the Australian Securities and Investments Commission (ASIC) is making changes to protect the interests of investors. agency in december sued on the arm For Finder.com’s offering of unregistered financial services related to cryptocurrency.

El Salvador lags behind in crypto ATMs

With 33,555 ATMs as of January 1, 2023, the US leads the way, controlling 86.9% of global crypto ATMs. Canada came in second with 6.6%, while Australia overtook fourth place El Salvador. With 226 ATM installations, Spain came in third in 2022.

Meanwhile, El Salvador continues to prioritize widespread adoption of Bitcoin Despite suffering significant portfolio losses during the crypto winter. BeInCrypto recently reported that students in the country are learning about bitcoin in their classrooms as part of the curriculum. However, Poland is also ahead of El Salvador with crypto ATMs in 222 locations. The latter rose to sixth place for the year.

ATM installation speed according to Coin ATM Radar
Crypto ATM installation speed wise coin atm radar

That said, Coin ATM Radar notes that the world is adding an average of 6.6 ATMs per day. Europe follows North America in terms of continents, accounting for 3.9% of all crypto ATMs worldwide. Only 0.8% of the global deployment is in Asia.

disclaimer

BeInCrypto has reached out to the company or the person involved in the story for an official statement regarding the recent development, but has yet to hear back.

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