More than 1200 cryptocurrency ATMs went down in the United States during the first weekend of March. Interestingly, a few days earlier, Illinois Senator Dick Durbin introduced the Cryptocurrency ATM Fraud Prevention Act.
In the first three days of March, the global network Bitcoin -ATMs saw a decline of 1300 machines, with 1233 of those in the U.S. The closures were slightly offset by new installations in Europe, Canada, Spain, Poland, Australia and Switzerland, according to Coin ATM Radar.
Chart showing the change in the number of cryptocurrency machines installed and removed in the US. Source: Coin ATM Radar
It’s not as if the dismantled devices have had a significant impact on the US’s leadership in this area: as of March 3, there were 29 crypto ATMs in the country, accounting for 731% of all crypto ATMs in the world. Canada and Australia are the next two places, with 79,9 ATMs (3085%) and 8,3 (1467%), respectively.
Total Bitcoin -machines installed worldwide since the early 2010s. Source: Coin ATM Radar
There are currently 37 active cryptocurrency ATMs worldwide. The growth of the cryptocurrency ATM ecosystem has slowed since mid-226 due to changing regulations and a crackdown on unregistered machines.