Australia installed more Bitcoin ATMs than entire Asia

Australia, the country that hosts the third-largest network of Bitcoin (BTC) ATMs, surpassed the continent successful Asia successful presumption of the full fig of crypto ATMs installed.

Since the opening of 2023, Australia delved into a crypto ATM installation spree — climbing up from the 5th spot to the 3rd successful January alone. Data from Coin ATM Radar confirms that the state has kept up the effort to instal avenues for fiat-to-crypto conversions.

Crypto ATM organisation by countries and continents. Source: Coin ATM Radar

Over the past 8 months, Australia consistently added Bitcoin ATMs dissimilar starring European nations and the United States which reported a simplification successful ATM installations during that timeline.

Asia, which includes salient economies specified arsenic China, Japan, Singapore and India, hosts 355 crypto machines, representing 1% of the full crypto ATMs installed worldwide. Upon months of affirmative inclusion, Australia recorded the beingness of 364 crypto ATMs.

Monthly crypto ATM installations successful Australia. Source: Coin ATM Radar

Contradicting Australia’s crypto ATM growth, the full crypto ATMs installed worldwide showed a accordant decline. As antecedently reported by Cointelegraph, successful the archetypal 2 months of 2023, the nett cryptocurrency ATMs installed globally reduced by 412 machines.

Related: Australian crypto scams accrued by implicit 162% with astir $150M lost

Complementing the country’s monolithic summation successful crypto ATMs, leaked interior documents from the Australian Treasury Department revealed the nearing of crypto legislation successful the region.

As reported by Cointelegraph, the Australian authorities plans to merchandise consultation papers successful the 2nd 4th of 2023. THe determination seems plausible arsenic the Treasury had officially released a token mapping consultation paper, which would signifier the ground of upcoming crypto regulations.

Consultation open! Today we released the token mapping consultation paper. This consultation is portion of a multi measurement betterment docket to make an due regulatory mounting for the #crypto sector. Read insubstantial & taxable views @ https://t.co/4W2msjhP9B @ASIC_Connect @AUSTRAC pic.twitter.com/OGHuZEGvDp

However, the last submissions to the furniture volition beryllium reportedly made aboriginal successful the year, which implies that the immoderate decisions connected crypto authorities volition beryllium pushed to 2024.

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