Bitcoin is a currency like the dollar, Poundsterling and others. However, Bitcoin is digital and has very strong data encryption. In addition, Bitcoin is the first currency that can not be controlled in value by Institutions, Companies, governments, and even the creators of these currencies. Bitcoin is designrd as a Peer-to-Peer transaction technology where transactions do not require a third party that usually takes advantage of the users. This crypto currency is also decentralized, meaning that it is not centered on a single administrator so that all transaction records in the ledger blockchain (Ledger Blockchain) can be managed by all Bitcoin users in the world.
As of the development of bitcoin today, it turns out that bitcoin already has an ATM machine and is spread all over the world. Here are some countries that have the most ATM machines.
First place is America
Although crypto has not been fully accepted in the said country, bitcoin is not all illegal. According to several articles that I read, America is also one of the countries with the highest level of crypto fans after Asia and Europe. So don't be surprised if bitcoin ATMs are rapidly build/developed in America. The number of bitcoin ATM machines in America currently reaches 4104 and it continues to increase every year.
Second place falls to Canada
Canada has 724 bitcoin ATM machines and is spread in many places. Just like things in America and Canada. UK also has regulations that are quite friendly to bitcoin and other crypto coins. Canadian residents can use bitcoin / altcoin to make payments in stores both offline and online. Keep in mind that Crypto is still not considered a legal payment method in that country, but Crypto is not an illegal item. In my opinion, Canadian financial institutions, the only legal currency is the dollars issued by the Canadian central bank.
The third rank is UK
The United Kingdom is the third ranked country with the most ATM machines. The country has 289 bitcoin ATM machines. This country also still does not consider crypto and bitcoin as legal payment methods. But even so bitcoin is not an illegal item. This is because English still does not have regulations that specifically address cryptocurrency. But even though it hasn't been recognized, the country still applies a tax for crypto use to those who use it. All profits generated from crypto are also not exempt from tax.
The fourth rank is Austria
Australia has 194 bitcoin ATM machines, although bitcoin is not considered a legal currency but the country applies a tax for bitcoin. And bitcoin turns out to be legal in that country, they allow residents to use bitcoin freely. according to one article that I read, Australia is one of the countries in Europe that is friendly to crypto. Austria has a bitcoin ATM, exchange and startup cryptocurrency.
The fifth rank is Spain
Currently Spain still does not have regulations regarding cryptocurrency. But in that country crypto is vastly developed because Spain has 85 bitcoin ATM machines. Even though the regulation does not have crypto, but every cryto transaction will be subject to tax in that country.
The next rank is occupied by several other European countries such as Switzerland (76), Czech Republic (70) and Russia (62), Greece (62), Italy (60), and Germany (40). For Asia, Singapore has 9 bitcoin ATM machines and Hongkong which has 43 ATM machines. unlike in China, hongkong turns out to be more friendly to crypto and bitcoin.
There are many more countries that have bitcoin ATM machines, but I can't explain everything in this article. if you want to know this you can visit the website https://coinatmradar.com/. There you will find information about which countries already have a bitcoin ATM machine.
sourcer: cryptowebindo.com