Is it already there? Experts’ response, part 3

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Sebastian is the Chief Strategy Officer at Coinsource, a Bitcoin ATM provider in the United States.

“In 2022, we expect more countries to follow El Salvador’s lead and adopt Bitcoin as legal tender, especially countries in Latin America and Asia. As a result, we anticipate an increase in the number of Bitcoin ATMs in Latin America, but also in Europe. As more countries adopt it, it is likely that the dominance of the United States in the crypto industry will be reduced.

Crypto regulation will continue until 2022, which is generally a good thing. However, it must be reasonable and fairly applicable to all. We have the potential to resolve compliance in many protocols once and for all, so we need to redouble our efforts. The industry is on track to raise the standards by which it measures compliance, but there needs to be dialogue between experts on both sides of the regulatory debate.

Harmful activity within the crypto space has been dropping sharply for several years now. Regulatory alignment, as in the EU with MiCA, will create a level playing field that will enable continued long-term growth. We hope the United States will follow suit soon by providing regulatory clarity and guidance that will keep it in place as a key hub for global crypto innovation.

We have witnessed tremendous growth within the Bitcoin ATM, or BTM, industry in 2021, with global facilities increasing by 70%. We’re not seeing this slowdown anytime soon. With so much activity in the market and strong demand for BTM from all kinds of known and new target customer groups, we believe the BTM space will continue to grow at a similar or even faster pace. It is predicted that the number of BTM installations will reach 100,000 by 2025, and we would say that is a conservative estimate. “

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