Sebastian is the Chief Strategy Officer of Coinsource, an American Bitcoin ATM provider.

“In 2022, we expect that more countries will follow El Salvador and adopt Bitcoin as legal tender, especially in Latin America and Asia. Therefore, we expect the number of Bitcoin ATMs in Latin America and Europe to increase. With the new countries The adoption of U.S. dominance in the encryption industry may weaken.

Encryption regulation will continue until 2022, which is usually a good thing. However, it must be reasonable and apply fairly to everyone. We may solve the compliance issues of many agreements once and for all, so we need to redouble our efforts. The industry is on a good path to improve the standards for measuring compliance, but there is a need for dialogue between experts on both sides of the regulatory debate.

For several years, evil activities in the encryption field have been declining sharply. Regulatory consistency, such as in the EU and MiCA, will create a level playing field and allow long-term sustained growth. We hope that the United States will follow up soon and provide regulatory clarity and guidelines to make it a key hub for global encryption innovation.

We have witnessed a huge growth in the Bitcoin ATM or BTM industry in 2021, with global installations increasing by 70%. We don’t think this situation will slow down anytime soon. Due to such an active market and the strong demand for BTM from various known and new target customer groups, we believe that the BTM space will continue to grow at a similar or even faster rate. It is estimated that the number of BTM installations will reach 100,000 by 2025, and we would say that this is a conservative estimate. “