Australia has overtaken El Salvador to become the fourth biggest hub for crypto ATMs, according to data given by CoinATMRadar, an online analytics firm that tracks the total number of crypto ATMs worldwide.
The last three months of 2022 saw the installation of 99 cryptocurrency ATMs around the nation. As of the second of January in the year 2023, Australia has reported 225 operational cryptocurrency ATMs, which put it ahead of El Salvador by 13 ATMs at the time this article was written.
As part of its ambitions to modernize its financial system, Australia committed a few weeks ago to create a framework for the regulation and licensing of bitcoin service providers by 2023.
The United States has more crypto ATM placements than any other country. Spain is now the third-largest center for cryptocurrency ATMs after installing 215 of these automated teller machines. Despite this, the nation has maintained its installation push and, at the time of writing, has a total of 272 crypto ATMs.
On the other hand, the number of automated teller machines that accept bitcoin is around 10 times higher in Canada than it is in Spain. The overall number of these machines has hit an all-time high of about 40,000, setting a new record in the process.
The government of Nigeria was obliged to restrict cash withdrawals from ATMs to $225 (or 100,000 nairas) every week as a result of the country’s efforts to mandate the adoption of an in-house central bank digital currency (CBDC) called eNaira.
There are now 38,602 cryptocurrency ATMs spread around the whole globe, with 6,071 of those ATMs being built in 2022 alone.