Australia added Bitcoin ATMs for 29 consecutive months, totaling 1,359. This achievement places the country as the third-largest market globally, with 3.5% of all existing Bitcoin ATMs. Continued expansion could see Australia’s ATM network rival Europe’s, with 1,660 machines.

The rise in Bitcoin ATMs is shadowed by increased scams, exacerbated by the anonymous nature of transactions. The U.S. Saw related scams reach over 110 million USD in losses for 2023. Lawmakers are urging preventive measures to protect vulnerable populations.