Two Eastern European countries, Poland and Romania, are now among the top 10 with the most crypto ATMs. The number of ATMs that support trading in cryptocurrencies worldwide has grown exponentially in recent months and now reaches more than 23,000 devices.

Poland leads on points installation Crypto ATMs

The increase in crypto popularity and market price over the past year has resulted in an increase in the number of locations around the world that offer automated withdrawals. Most bitcoin ATMs allow you to buy coins using cash and cards, while some support two-way transactions that allow users to sell coins. Major coins like BTC, ETH, and BCH are generally supported.

Citing Crypto Head data, the Warsaw Business Journal recently reported that Poland was included in the top 10 countries with the highest number of crypto ATMs. Poland ranks 7th with 112 devices behind Hong Kong and ahead of Switzerland.

No wonder the United States tops the charts. According to the report, the country has a rapidly growing network of Bitcoin ATMs (BATMs) that includes more than 17,000 ATMs that support crypto deposits and withdrawals across the country. In second place is Canada with almost 1,500 ATMs, followed by Great Britain with around 200.

Over 23,000 crypto ATMs worldwide

According to Coin ATM Radar, the number of locations with ATMs and crypto exchanges worldwide was 23,386 as of July. The data covers 74 countries and over 600 operators. The tracking site has its own ratings, with Poland ranking 8th with 83 spots.

After Poland, another Eastern European country follows with Romania. The country has 78 ATMs and fiat crypto machines. The USA, Canada and Great Britain are again the three most important BATM destinations with 20,603, 1,618 and 194 locations respectively.

The Warsaw Business Journal commented that the growing network of cryptocurrency ATMs has raised concerns among authorities about whether they could be used for illegal purposes. The report cites examples such as massive money transfers across the U.S.-Mexico border during the coronavirus pandemic and a discussion in Vancouver about a possible ban on coin operated machines that are supposedly used for money laundering.

According to the Polish Financial Supervisory Authority (KNF), there is currently no provision in Polish law that prohibits or restricts Bitcoin ATMs in any way. However, companies that install and operate equipment used to buy and sell cryptocurrencies are subject to anti-money laundering (AML) regulations in the country.

At home at home

According to News Bitcoin

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page