Europe has hit an all-time excessive with regards to Bitcoin ATMs, with the determine standing at 1,459. The all-time excessive arrives amid the wide-ranging MiCA rules.

The variety of Bitcoin ATMs in Europe has reached an all-time excessive, in line with information from Coin ATM Radar. The determine stands at 1,459 as of Oct. 12, with worldwide installations at 38,604. The all-time excessive in Bitcoin ATM installations comes at a time when the European Union is trying all set to approve the landmark MiCA rules.

The expansion in ATM installations in Europe is at 5% year-to-date and 10% year-over-year. On the similar time final yr, the variety of ATMs was roughly 1,324.

The usage of Bitcoin ATMs seems to be rising in Europe, and Greece, particularly, is seeing a lot of exercise. The nation has about 64 ATMs in use, and some tourists who’re crypto fanatics have been making good use of them. Greece does have a good few crypto meetups and an lively crypto neighborhood.

One other European nation, Austria, has additionally been seeing extra crypto ATMs put in. Earlier this yr, digital retailer MediaMarkt installed ATMs in 12 markets throughout the nation.

United States nonetheless leads in Bitcoin ATM depend

The USA, by far, has essentially the most Bitcoin ATM installations, with 33,779 ATMs. Canada follows with 2,541 ATMs, with Europe third. The latter may nonetheless be distant from different international locations, however there’s a noticeable curiosity, as seen in Greece.

Of curiosity is the truth that world Bitcoin ATM installations really lowered for the primary time ever. Almost 500 ATMs had been eliminated. It’s unclear why precisely this might need occurred, however rules and rising scrutiny by authorities could also be enjoying an element.

The USA Federal Bureau of Investigation stated in a public service announcement printed on Oct. 3 that scammers had been utilizing crypto ATMs to defraud people. They state that losses vary from tens of 1000’s to tens of millions of {dollars}.

Europe strikes nearer to complete crypto regulation

One of the mentioned headlines this week has been the MiCA regulations that the European Union (EU) has been engaged on. It lately obtained approval from the financial division of the EU and can see a ultimate vote in a parliament session later this yr.

The invoice is wide-ranging and covers a number of features of the crypto market, together with shopper safety, the prevention of cash laundering, and stablecoins. Analysts count on it to have an effect in the marketplace, and the EU can be analyzing the DeFi marketplace for potential rules.

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