Only 355 out of the total number of crypto ATMs in the globe are located in Asia, which includes key economies like China, Japan, Singapore, and India.
Australia has been on a crypto ATM installation tear since the beginning of 2023, jumping from fifth to third in January alone. According to data from Coin ATM Radar, the nation has maintained its efforts to implement fiat-to-crypto exchanges.
Australia has consistently added Bitcoin ATMs over the past eight months, in contrast to prominent European nations and the United States, which reported a decline in ATM installations over the same period.
Only 355 out of the total number of crypto ATMs in the globe are located in Asia, which includes key economies like China, Japan, Singapore, and India. Australia recorded 364 crypto ATMs following months of growth.
While cryptocurrency ATMs expanded in Australia, their global installation steadily declined. As previously documented by Cointelegraph, the number of cryptocurrency ATMs deployed worldwide decreased by 412 machines during the first two months of 2023.
Leaked internal documents from Australia’s Department of Treasury indicate that crypto-specific legislation is imminent, complementing the country’s enormous increase in crypto ATMs.
The Australian government intends to release consultation papers in the second quarter of 2023, according to Cointelegraph. The action appears plausible in light of the official publication of a token mapping consultation document by the Treasury, which will serve as the premise for forthcoming crypto regulations.
However, according to reports, the final submissions to the cabinet will be made later in the year, implying that any decisions on crypto legislation will be delayed until 2024.
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