Australia Crypto ATM Count Rises Despite Tightening Regulations

Data from Coin ATM Radar showed there had been 95 crypto ATMs removed from the worldwide count so far in the new year. Crypto ATM installations in Australia, however, have skyrocketed.

The development is significant, especially when considering regions like El Salvador have vowed to turn the country into a regional crypto powerhouse. There are only 212 ATM crypto ATMs in El Salvador though, making up just 0.5% of the total.

With 219 cryptocurrency ATMs, Australia is just slightly ahead, with a 0.6% share of all crypto ATMs.

This is despite the fact that tighter cryptocurrency regulations in Australia are set to be introduced in 2023.