Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela . That would increase the adoption. Something like backpropagation. What do you think?
The main reason is that every bitcoin ATM has a lot of charges they levy to the users and if they are planning to install in a developing country which is basically poor population, it wont be a success like they are successful in developed countries and more over these developing countries does not have a regulation relating to bitcoin as someone mentioned earlier, an exchange in India installed an ATM and they got arrested for it, so if there is no legal status you might end up in trouble too.