The evident reduction in the installations of crypto ATMs could result from the regulators’ hesitance to adopt the Bitcoin ecosystem.
April 2022 marked the fourth consecutive month of a slowdown in the installation of Bitcoin (BTC) ATMs, ever since the slowdown began at the start of the year.BTC ATMs serve a crucial purpose for the Bitcoin economy, helping users physically retrieve or deposit BTC holdings against the corresponding cash reserves.Net change of cryptocurrency machines number installed and removed monthly. Source: Coin ATM RadarBased on the data provided by Coin ATM Radar, the year 2021 saw the highest global increase in the BTC ATM installations, with August witnessing its peak of 2,037 ATMs net change. Starting in January 2022, the crypto ATM net change fell down to 1,687 from December’s high of 1,969 ATMs.Ever since, the net change in crypto ATM has maintained a downward trajectory, recording three-digit c
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