Australia continues to display strong growth in the
Bitcoin ATM market, maintaining a 29-month streak of monthly increases. However, the global network of
Bitcoin ATMs lost over 600 machines in recent months, hitting areas such as
Colombia, El Salvador, Czechia, and
Germany. In contrast, countries such as
Canada, Russia, United States, Brazil, and
Australia have observed an increasing number of Bitcoin ATMs across different cities.
Major ATM provider
CoinFlip expanded its footprint, launching a wallet app in Australia and New Zealand to enhance user experience. However, the industry also witnessed controversies, with
Byte Federal, another Bitcoin ATM operator, becoming the target of a lawsuit over a data breach that exposed the data of 58,000 individuals. Simultaneously, scams involving Bitcoin ATMs increased, causing substantial losses.
Given the rise in Bitcoin, ATM businesses like RockitCoin have emerged extending their services to new regions like Australia. Companies like MicroStrategy, on the other hand, focus on leveraging the trend, purchasing more BTC as its stock joined the Nasdaq 100 index.
Regulations around Bitcoin ATM operations are intensifying, particularly in California where a cap on daily crypto ATM withdrawals was upheld by court. Meanwhile, Germany's financial watchdog initiated a crackdown on unlicensed Bitcoin ATMs.
ATM Coin News Analytics from Fri, 01 Mar 2024 08:00:00 GMT to Mon, 30 Dec 2024 12:01:24 GMT -
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- Innovation -5
- Information 8
- Rumor -3
