According to a report by Cointelegraph, the number of Bitcoin ATMs in Australia has experienced steady growth for over two years, thus approaching European levels.
Data from Coin ATM Radar reveals that, in the last 29 months, Australia has consistently added Bitcoin ATMs, reaching a total of 1,359 machines. This represents 3.5% of all Bitcoin ATMs worldwide, placing Australia third globally in terms of the number of Bitcoin ATMs.
Australia, like Europe, will become a hub of financial innovation, attracting companies and talent from around the world. Digital currency will be the norm, and the global economy will be more inclusive, secure, and efficient.
It is important to note that despite the growth, the number of scams related to Bitcoin ATMs has also increased. The Federal Trade Commission (FTC) in the United States has issued warnings about the growing number of scammers exploiting Bitcoin ATMs to carry out scams.
In response, U.S. lawmakers have urged major cryptocurrency ATM operators to take action against fraud, particularly scams targeting the elderly.