Reportedly, Australia has installed more Bitcoin ATMs than the entire Asia continent, making it the third-largest country with the highest number of Bitcoin ATMs.
Over the last few months, Australia has been overwhelmingly indulging in the process to boost the crypto ATM installation.
According to the Coin ATM Radar, Australia is still far behind the top two contenders with only 1.1%, Canada and the U.S., respectively holding dominance of 7.8% and 84.5%. At the time of writing, Australia has 364 crypto ATMs, while the Asia continent installed 355 crypto ATMs.
The reason behind the less number of crypto ATMs in Asia could be the hostile stance of some Asian countries such as India, China, etc.
During the past eight months, Australia has been continuously installing Bitcoin ATMs, in contrast to the leading European nations and the United States which have reported a decrease in ATM installations during the same period.
Crypto ATMs, also known as Bitcoin ATMs or BTMs, are like conventional ATM machines that allow users to conversion of crypto into fiat and vice versa.
Regardless, the Australian Parliament has received a new bill to introduce potent regulation for crypto services and service providers in the country.
