Spain has the highest number of crypto ATMs with 226, followed by Australia with 219, and The Savior the first nation to legalize Bitcoin (BTC ) in 200.
El Salvador fell to third place as Australia rapidly increased its number of crypto ATMs.
El Salvador's President Nayib Bukele has ordered a rapid expansion of the country's crypto ATM network as part of efforts to make Bitcoin available to all citizens.
As of September 2021, El Salvador had the third highest number of crypto ATMs after the US and Canada. In the following period, Spain and Australia overtook El Salvador to take first and second place.
According to data from CoinATMRadar, Australia installed 99 crypto ATMs in the last three months of 2022, for a total of 219 as of January 1, 2023. In contrast, El Salvador added 7 in the same period.
Italy backs 26% crypto tax in 2023
Cryptocurrency information portal Cryptoslate reported that the Italian Parliament has approved a 26 percent cryptocurrency tax on income over โฌ2,000, effective December 30.
Italy has included the crypto tax in its 2023 budget, according to the report. The budget describes cryptocurrency as electronically distributed ledger-based virtual wealth that can be stored and transferred.
The budget also calls for tax cuts worth 21 billion euros ($22.3 billion) to help citizens overcome financial difficulties due to the global slowdown.
Prime Minister Giorgia Meloni wants people to disclose their cryptocurrency assets. As an incentive, she announced a reduced tax of 14 percent for those who disclose their cryptocurrencies starting in January 2023.
According to Cryptoslate, other European nations are also considering higher taxes on bitcoin. Portugal announced a 28 percent tax on bitcoin. The government also plans to tax airdrops and other free cryptocurrency distribution activities at 10% and 4% on broker commissions.
Former Meta Crypto Leader Says Crypto Winter May Last Until 2024
David Marcus, who created the Bitcoin (BTC) payments business Lightspark, warned that the bear cycle in the crypto market could stretch as far as 2024. He said that bulls looking for a quick bounce will be disappointed.
โWe won't get out of this 'crypto winter' in 2023, and probably not in 2024 either,โ Marcus, co-creator of Meta's abandoned cryptocurrency project Diem, said on his blog on Dec. 30.
