Australia has surpassed Asia in terms of the total number of crypto ATMs installed, climbing from the fifth spot to the third in January alone. Over the last eight months, Australia consistently added Bitcoin ATMs unlike leading European nations and the United States which reported a reduction in ATM installations during that timeline. Despite the global decline in crypto ATMs, Australia recorded the presence of 364 crypto ATMs. Leaked internal documents from the Australian Treasury Department also revealed the nearing of crypto legislation in the region, with the government planning to release consultation papers in the second quarter of 2023. The final submissions to the cabinet will reportedly be made later in the year, pushing any decisions on crypto legislation to 2024.

(By ARIJIT SARKAR)