September 25, 2023

The number of Bitcoin ATMs installed worldwide exceeded 6000

The number of bitcoin ATMs installed around the world continues to grow and has recently reached a new record level. So, according to CoinATMRadar, there are currently 6004 such machines, with more than 65% of them located in the United States.

In November alone, 108 new Bitcoin ATMs appeared on the CoinATMRadar card, and on average 11 new machines are installed daily, which is the highest growth rate this year.

Of the total number of cryptocurrency ATMs, 3924located in the USA, 653 - in Canada. The third and fourth places in the list are occupied by Great Britain (272) and Austria (189), the fifth on the list is Spain - 86 cars. Russia is in 9th place (62 ATMs), Ukraine, where it has 19 Bitcoin ATMs, is in 20th place.

The number of Bitcoin ATMs installed worldwide exceeded 6000

In general, Europe accounts for 20% of all installed bitcoin ATMs, but in Asia, despite the great popularity of cryptocurrencies in the region, there are only 2% of the total.

In general, since June, the number of installed Bitcoin-ATMhas grown by almost one thousand. We also note that of the machines marked on the CoinATMRadar card, just over 35% are bilateral, that is, they allow not only the purchase, but also the sale of cryptocurrency. The remaining two-thirds only allow the purchase of bitcoin.

Despite the rapid growth of this market, notBitcoin ATMs appeal to everyone. So, earlier this week, the United States Internal Revenue Service (IRS) announced that it is conducting a joint investigation with law enforcement agencies about the possible use of Bitcoin-ATM for tax evasion and money laundering.

According to the IRS, before being able to purchase cryptocurrency, ATM users must undergo an identity verification.

Earlier this year, Vancouver Mayor Kennedy StewartHe supported the local police, who called the terminals for the exchange of cryptocurrencies “an ideal tool for money laundering,” proposing to completely ban their installation and operation in this third largest city in Canada.