Australia's crypto scene is buzzing as Bitcoin ATMs pop up faster than kangaroos! š¦ With 1,359 machines, Oz is closing in on Europe's 1,660, making it the third-largest Bitcoin ATM hub after the US and Canada. Meanwhile, the US holds the crown with a whopping 31,516 ATMs, despite regulatory hiccups.
But beware, mate! Scammers are eyeing these machines like a koala on eucalyptus. The FTC reports $110 million lost to ATM scams in 2023. Lawmakers are hopping into action, urging operators to protect users, especially the elderly. Stay savvy, crypto enthusiasts!