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Australia Adds 1,359 Bitcoin ATMs, Closing in on Europe
In a remarkable feat of growth, Australia has surpassed its previous records by installing a staggering 1,359 Bitcoin ATMs across the country. This monumental achievement puts the nation firmly on track to close the gap with Europe’s total of 1,660 machines.
For 29 consecutive months, the installation of these machines has continued unimpeded, solidifying Australia’s position as a world leader in cryptocurrency adoption and innovation. The growth is undeniable, and it appears that the nation has no intentions of slowing down anytime soon.
According to data available, this rapid expansion is driven by the government’s commitment to improving financial inclusion, providing greater accessibility to cryptocurrency transactions for its citizens. The Bitcoin ATMs serve as a bridge between the digital world of cryptocurrencies and traditional fiat currencies, making it easier for individuals to interact with these decentralized assets.
While this surge in growth is undoubtedly an impressive feat, concerns have been raised regarding the potential risks associated with the increasing number of these machines. AUSTRAC (Australian Transaction Reports and Analysis Centre) has announced plans to closely monitor Bitcoin ATM operators in 2025, focusing on preventing any misuse for illegal activities such as money laundering.
Despite this concern, the steady growth demonstrates Australia’s relentless commitment to embracing blockchain technology and cryptocurrency adoption.
Source: www.crypto-news-flash.com
