Tags: CoinATMRadar

Athena Bitcoin plans to integrate the Lightning Network into 100 of its machines in the next couple of months.

A new legislative investigation found some crypto ATMs charging a premium as high as 33, while a few ATMs had limits of up to $50,000.

While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5 in its CRS score — from 7.7 in 2022 to 7.25.

Bitcoin Depot records $197.5 million in revenue in the second quarter for 2023 spurred on by partnerships with various American retail stores.

The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017.

In the first four months of 2023, the net crypto ATMs worldwide declined by 5,850. In May, however, 1,397 machines were added back to the global crypto ATM network.

Asia, which includes major economies such as China, Japan, Singapore and India, hosts 355 crypto machines, representing 1 of the total crypto ATMs installed worldwide.

With 3,627 crypto ATMs going down last month, March 2023 becomes the month with the largest monthly decline of crypto ATMs.

For more than a year, between December 2020 to January 2022, more than 1000 crypto and Bitcoin ATMs were being installed every month.

The software conversion of the crypto ATMs, which vertically integrates Bitcoin Depot’s hardware and software, eliminates annual software licensing fees.

Australia now enjoys 234 crypto ATMs, which puts her in the third spot globally after the United States and Canada.

Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network.

El Salvador’s position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months.