Drop in#BitcoinATMs! Bitcoin Deposit Revenues Continue to Rise as Authorities Increase Pressure
334 Bitcoin ATMs were closed in the last 40 days. This decline occurred due to the closure of ATMs in the US and Europe. While authorities attribute this situation to the fight against financial crimes, the increase in Bitcoin Depot revenues draws attention.
Detail:
* The USA and Europe are the regions that contributed the most to the global decline.
* In the USA, 421 ATMs were closed in June and 239 in July.
* In Europe, 29 ATMs were closed in July.
* Australia added 77 new ATMs.
* The decline is attributed to authorities' efforts to combat crypto scams.
* Bitcoin Depot experienced a 6% increase in revenues, while the Bitcoin price increased by 155%.
* The company argues that its users use ATMs for non-speculative purposes.
Conclusion: The decline in Bitcoin ATMs is linked to developments in the cryptocurrency market and regulations. The authorities' increasing fight against crypto scams may affect this decline.