Australia had a total of 225 Bitcoin ATMs by the end of 2022 after installing around 150 machines in the final four months of the year, overtaking El Salvador and Poland to become home to the fourth-highest number of crypto ATMs in the world, according to data from CoinATMRadar.com.
See related article: Bitcoin ATMs face existential threat in Hong Kong
- Australia’s surge in Bitcoin ATM installations comes as more cryptocurrency regulation is expected next year in the wake of the multi-billion dollar collapse of the Bahamas-based bankrupt cryptocurrency exchange, FTX.com.
- After making Bitcoin legal tender in September 2021, El Salvador installed 212 Bitcoin ATMs across the country in the following months, at one point having the third-highest number of crypto ATMs behind the U.S. and Canada.
- El Salvador lost the third rank to Spain in October 2022, while Poland trailed at fifth before Australia’s Bitcoin ATM rush.
- The U.S. is home to the most Bitcoin ATMs in 33,950 locations, while Canadians have 2,649 teller machines to choose from.
- There are 38,611 Bitcoin ATMs operating worldwide, with 5,982 installed in 2022 alone.
- The Monetary Authority of Singapore, the city-state’s central bank, issued new guidelines in January 2022 to restrict crypto businesses from promoting their services to the general public, leading crypto ATM operators to halt their services in the country.
See related article: Singapore crypto ATMs shut down to comply with central bank rules