Sebastian is the Chief Strategy Officer for Coinsource, a Bitcoin ATM provider in the United States.
& ldquo; In 2022, we expect more countries to follow the example of El Salvador and adopt Bitcoin as legal tender, particularly countries in Latin America and Asia. As a result, we anticipate an increase in the number of Bitcoin ATMs in Latin America and also in Europe. As new countries adopt, the dominance of the US in the crypto industry is likely to shrink.
Cryptocurrency regulation will continue in 2022, which is generally a good thing. However, it must be reasonable and fairly applicable to all. We have the potential to resolve compliance with many of the protocols once and for all, so we need to redouble this. The industry is well on its way to raising the standards by which it measures compliance, but there must be a dialogue between experts on both sides of the regulatory debate.
The dire activity within the crypto space has seen a sharp decline for several years. Regulatory alignment, as in the EU with MiCA, will create a level playing field that will allow for continued long-term growth. We hope that the US will soon continue to provide regulatory clarity and guidance that will keep it on its feet as a key hub for global crypto innovation. & Nbsp;
We have witnessed tremendous growth within the Bitcoin ATM, or BTM, industry in 2021, with global installs increasing 70%. We don't see this slowing down anytime soon. With so much activity in the market and strong demand for BTM from all kinds of new and known customer groups, we believe that the BTM space will continue to grow at a similar rate, or even faster. The number of BTM installations is projected to reach 100,000 by 2025, and we would say this is a conservative estimate. & Rdquo;
