New Zealand has completely banned cryptocurrency ATMs and set transfer limits as part of anti-money laundering reforms
By: theblockbeats.news|2025/07/09 14:21:58
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BlockBeats News, July 9th, according to Decrypt's report, New Zealand has completely banned cryptocurrency ATMs and has set the international cash transfer limit to $5,000 to combat money laundering and crime financing
As part of a large-scale reform aimed at curbing money laundering and illicit fund flows, the New Zealand government announced it will shut down all domestic cryptocurrency ATMs and set a $5,000 limit on international cash transfers.
New Zealand's Assistant Minister of Justice, Nicole McKee, on Wednesday unveiled the government's latest anti-money laundering and counter-terrorism financing regime reform plan in a statement.
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