Australia Surpasses Asia in Number of Bitcoin ATMs Installed

According to recent data from Coin ATM Radar, Australia has surpassed Asia in terms of the total number of crypto ATMs installed, becoming the third-largest network of Bitcoin ATMs worldwide.

Australia’s Crypto ATM Installation Spree

Since the beginning of 2023, Australia has been on a crypto ATM installation spree, climbing from fifth to third place in just one month. Over the last eight months, the country consistently added Bitcoin ATMs, unlike leading European nations and the United States, which reported a reduction in ATM installations during that timeline.

• Asia hosts 355 crypto machines, representing 1% of the total crypto ATMs installed worldwide
• Australia recorded 364 crypto ATMs after months of additions

Contradicting Australia’s crypto ATM growth, the total crypto ATMs installed worldwide showed a consistent decline. In the first two months of 2023, the net cryptocurrency ATMs installed globally reduced by 412 machines, as previously reported by Cointelegraph.

Australian Crypto Legislation on the Horizon

Complementing the country’s massive increase in crypto ATMs, leaked internal documents from Australia’s Department of the Treasury revealed crypto legislation is on the horizon.

As reported by Cointelegraph, the Australian government plans to release consultation papers in the second quarter of 2023, as the treasury had officially released a token mapping consultation paper, forming the basis of upcoming crypto regulations. However, the final submissions to the cabinet will reportedly come later in the year, which implies that any decisions on crypto legislation will be pushed to 2024.