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Crypto ATMs experience a significant decline in one year

Crypto ATM

In 2023, the crypto automated teller machine (ATM) landscape experienced an unexpected decline, marking the first annual reduction since its introduction. Starting with a peak of 39,350 machines in December 2022, the count has since dropped to 33,620, signifying a substantial decrease of 14.56%. This downturn is notable for removing approximately 5,730 cryptocurrency ATMs from […]

For some reason, the crypto ATM industry is thriving

Crypto ATMs on the Decline Despite Growing Global Bitcoin Adoption

Amid the storm of scandal and calls for regulation that have swept through the crypto universe, a peculiar trend emerges: the Crypto ATM market is not just surviving; it’s expanding. Despite the heavy hand of regulation attempting to prune its growth, and while the rest of the crypto sector treads through a winter that’s frozen […]

California targets scammers with new crypto ATM limits

603478 8m batmfoura

A storm’s brewing in California over proposed legislation focused on crypto ATM limitations. In an attempt to hinder the rising tide of scams plaguing the cryptocurrency landscape, California officials are rolling out measures that some laud for consumer protection, while others criticize for potentially strangling an emerging industry. The Crux of the California Crypto Controversy […]

UK’s FCA declares war on rogue crypto ATMs

Crypto ATMs

UK’s Financial Conduct Authority (FCA) is intensifying its efforts to combat the proliferation of illegal crypto ATMs across the country. In a recent crackdown, the FCA has conducted inspections in Exeter, Nottingham, and Sheffield in collaboration with regional police forces, targeting unauthorized crypto ATMs, which are considered to pose significant money laundering risks. FCA aims […]

Australia is now the fourth-largest crypto ATM hub in the world

Australia

According to information provided by CoinATMRadar, an internet analytics company that keeps track of the total number of cryptocurrency ATMs all over the world, Australia has surpassed El Salvador to take the position of the fourth-largest hub for crypto ATMs. The sudden shift came about as a result of Australia installing 99 cryptocurrency ATMs across the […]

Crypto ATMs return to Japan for the first time since 2018

Crypto

After a protracted four-year absence, crypto ATMs, or BTMs as they are known locally, are once again available in Japan. Gaia Co., Ltd., a local cryptocurrency exchange company, declared on Tuesday that it will soon introduce BTMs that back Bitcoin (BTC), Litecoin (LTC), Ether (ETH), as well as Bitcoin Cash (BCH). During the Crypto winter […]

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