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A big difference from other surveys 📈
Surveys are not unanimous about the fortunes of #cryptocurrencies in #Australia
According to Statistica, 25.6% of Australians own some form of cryptocurrency, down from 28.8% the previous year.
It is important to note that different surveys can yield varying results due to variations in methodology, sample size, sampling techniques and data collection methods.
HedgewithCrypto reached its conclusions using secondary data. Google Keyword Planner was used to record searches, population data was used to calculate results per 100,000 people, and Coin #ATM Radar provided the number of crypto ATMs.
Tax and law scores are derived here from the legality and use of cryptocurrencies in banks, obtained from Wikipedia and other online platforms.
#crypto2023 $BTC #NEWS
Surveys are not unanimous about the fortunes of #cryptocurrencies in #Australia
According to Statistica, 25.6% of Australians own some form of cryptocurrency, down from 28.8% the previous year.
It is important to note that different surveys can yield varying results due to variations in methodology, sample size, sampling techniques and data collection methods.
HedgewithCrypto reached its conclusions using secondary data. Google Keyword Planner was used to record searches, population data was used to calculate results per 100,000 people, and Coin #ATM Radar provided the number of crypto ATMs.
Tax and law scores are derived here from the legality and use of cryptocurrencies in banks, obtained from Wikipedia and other online platforms.
#crypto2023 $BTC #NEWS
#bitcoin ATM shop - but where?
Comment below where this photo was taken 👇
#ATM #BTC #crypto2023 #Guess
Comment below where this photo was taken 👇
#ATM #BTC #crypto2023 #Guess
Follow the Trend Sports Blockchain is launching on 10th it will give nice pump to all fan token but take entry in one which have very low mcap like #ASR and #ATM don't miss your chance #Binance #crypto2023 #BullRun
The crypto ATM business is flourishing in the United States, despite facing criticism for potential illegal or predatory behavior, as highlighted in a report from the Federal Reserve Bank of Kansas City. Here are the key points from the report:
1. Crypto ATMs, which facilitate the conversion of cryptocurrencies into fiat currency and vice versa, are gaining popularity in the U.S. The report indicates that these ATMs have a growing customer base that could benefit from improved education about cryptocurrencies.
2. Crypto ATMs are commonly located in high-traffic areas and charge a fee for their services. The average fee ranges from 15-16%, with some operators setting unfavorable conversion rates that can result in effective fees as high as 20%.
3. The report identifies four main user groups for crypto ATMs:
- Cash users who may be unbanked.
- Older individuals who find ATMs more familiar than crypto exchanges.
- Users attracted by the convenience of ATMs.
- Individuals seeking greater relative anonymity in transactions.
4. Crypto ATMs are subject to state and federal regulations, including Anti-Money Laundering (AML) requirements. Users are required to provide identification when using these ATMs.
5. A significant user group for crypto ATMs includes minority communities and immigrants. These groups often use the ATMs for person-to-person transactions like remittances.
6. The report highlights concerns about the crypto ATM industry engaging in predatory inclusion, potentially luring financially disadvantaged individuals into high-cost services disguised as opportunities for gaining access to lucrative financial investments.
7. The report cites Chainalysis data showing that victims of scams moved $345 million through crypto ATMs in 2022, indicating significant risks associated with these transactions.
8. Despite concerns, the crypto ATM industry is experiencing growth after a downturn caused by the COVID-19 pandemic. For instance, operator Bitcoin Depot went public in July and saw a substantial increase in revenue.
#ATM #CRYPTOATM
1. Crypto ATMs, which facilitate the conversion of cryptocurrencies into fiat currency and vice versa, are gaining popularity in the U.S. The report indicates that these ATMs have a growing customer base that could benefit from improved education about cryptocurrencies.
2. Crypto ATMs are commonly located in high-traffic areas and charge a fee for their services. The average fee ranges from 15-16%, with some operators setting unfavorable conversion rates that can result in effective fees as high as 20%.
3. The report identifies four main user groups for crypto ATMs:
- Cash users who may be unbanked.
- Older individuals who find ATMs more familiar than crypto exchanges.
- Users attracted by the convenience of ATMs.
- Individuals seeking greater relative anonymity in transactions.
4. Crypto ATMs are subject to state and federal regulations, including Anti-Money Laundering (AML) requirements. Users are required to provide identification when using these ATMs.
5. A significant user group for crypto ATMs includes minority communities and immigrants. These groups often use the ATMs for person-to-person transactions like remittances.
6. The report highlights concerns about the crypto ATM industry engaging in predatory inclusion, potentially luring financially disadvantaged individuals into high-cost services disguised as opportunities for gaining access to lucrative financial investments.
7. The report cites Chainalysis data showing that victims of scams moved $345 million through crypto ATMs in 2022, indicating significant risks associated with these transactions.
8. Despite concerns, the crypto ATM industry is experiencing growth after a downturn caused by the COVID-19 pandemic. For instance, operator Bitcoin Depot went public in July and saw a substantial increase in revenue.
#ATM #CRYPTOATM
DAILY GAINERS
#CGPT +39.3%
$OG +19.1%
#ATM +13.1%
#XETA +12.0%
$FUN +9.8%
#KIN +9.6%
$VRA +9.0%
$LIKE +8.5%
$RARI +7.6%
$TOMO +6.7%
#dailygainers
#CGPT +39.3%
$OG +19.1%
#ATM +13.1%
#XETA +12.0%
$FUN +9.8%
#KIN +9.6%
$VRA +9.0%
$LIKE +8.5%
$RARI +7.6%
$TOMO +6.7%
#dailygainers
good day cryptonians☺️ we have a coin right now that good for holding it will make your ATM CARD full💸💸🤑🤑🤑
#ATM #ATMUSDT #Write2Ean
#ATM #ATMUSDT #Write2Ean
Exactly 3 years ago, world's worst bandits break into #Bitcoin ATM and leave empty-handed
They were trying to "get the coins out"
#CryproExplorer #BTC #ATM #Binance
They were trying to "get the coins out"
#CryproExplorer #BTC #ATM #Binance
More than 1,300 bitcoin #ATMs were disconnected in January and February
CoinATMRadar records continuous disconnection of cryptocurrency ATMs since 2023 began.
#nftcommunity #ATM #crypto2023
CoinATMRadar records continuous disconnection of cryptocurrency ATMs since 2023 began.
#nftcommunity #ATM #crypto2023
