There are a total of 17436 Crypto ATMs in America, while the total of normal ATMs is close to 4 lakh 70 thousand. After that there are 1464 crypto ATMs in Canada.
After the order of the Supreme Court, its trading increased very fast in its country.
Cryptocurrency education platform Crypto Head has recently released a data. According to this data, America is at the forefront of cryptocurrency acceptance. It has been said in this report that this country is at the fore in the interest of the American people towards cryptocurrencies, the legal approach of the government there and the desire to accept the digital currency. It is also at the forefront of Crypto ATMs.
There are a total of 17436 Crypto ATMs in America, while the total of normal ATMs is close to 4 lakh 70 thousand. After that there are 1464 crypto ATMs in Canada. There are 200 crypto ATMs in UK, 157 in Austria, 138 in Spain, 124 in Hong Kong, 112 in Poland, 111 in Switzerland, 86 in Romania and 68 in Czech Republic. You can both buy and sell cryptocurrencies at crypto ATMs. With the help of this ATM, you can redeem digital currency from your wallet and take cash in return. Similarly, cryptocurrencies can also be bought with cash.
This network is growing slowly
This network of cryptocurrencies is still very small, but it is a testament to the fact that the digital currency is spreading its feet very fast. Its acceptance is increasing in small and big countries. In a report published in Bloomberg recently, Amit Rajpal, CEO of Marshall Wace Asia Ltd, said in his interview that the attitude of America towards cryptocurrencies and digital assets will determine its future.
6 US regulator working on digital currency
Currently 6 US regulators are working to make cryptocurrencies and blockchain technology a part of the financial system. This includes the Office of the Comptroller of the Currency (OCC), the Federal Reserve, the New York Department of Financial Services, the SEC (The US Securities and Exchange Commission) and the Financial Crimes Enforcement Network (FinCEN).
boom in trading
Talking about India, after the order of the Supreme Court in the year 2020, the ban has been lifted from its trading, but the Reserve Bank has not yet given it legal recognition. According to a report, investment in crypto has increased from $ 200 million to $ 40 billion in the last one year. Trading in crypto has increased significantly after the order of the Supreme Court.
Many countries have moved towards adopting it.
The US Federal Banking System Regulator OCC has issued licenses to three digital banks this year. These banks do transactions only in digital currency. Here the Reserve Bank is also working in the direction of government digital currency. The People’s Bank of China has even progressed to the pilot project. In such a situation, there is every possibility that digital currency will also get recognition. However, this journey is expected to be full of ups and downs.
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