The Number Of Global Bitcoin ATMs Rises Despite The Crypto Winter

According to Coin ATM Radar, the total number of bitcoin (BTC) and crypto ATMs installed globally has increased to 38,597 as of December 30, a 7k increase from the 32,627 crypto ATM installations recorded last year.

Bitcoin ATMs Surge Amid Crippling Bear Markets

Despite the ongoing crypto winter, unfavorable market conditions, and Sam Bankman-Fried The FTX debacle that wiped out countless Bitcoin-related businesses this year, bitcoin atm The field has continued to gain significant adoption globally.

To Information Available on Coin ATM Radar, the number of bitcoin ATMs installed in various jurisdictions around the world has reached the 38,597 mark as of December 30, a significant increase from the 32,627 crypto ATM installations recorded during the same period last year.

While the United States is often criticized Shortage its regulatory clarity web3 The region is currently on the borderline of bitcoin ATM adoption. The total number of crypto ATMs in the US as of December 30 was 33,549, up from 28,492 during the same period a year ago.

Similarly, Canada has 2,559 crypto ATMs, and Europe has 1,502. Other jurisdictions including Spain, Poland, Australia and Switzerland have 226, 150, 218 and 145 crypto ATMs respectively.

in spite of them Increasing Adoption And Popularity, Crypto ATMs Have Suffered regulatory constraints in some jurisdictions in recent months due to their use by bad actors sometimes.

“None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, which means that any of them operating in the UK are doing so illegally, and consumers should not use them. “

UK FCA.

Last March, the Financial Conduct Authority (FCA) The United Kingdom issued a statement calling for all crypto ATM operators in the region to cease operations due to lack of proper regulatory licenses or approvals.


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