<ul data-eligibleForWebStory="false"><li>New Zealand bans all cryptocurrency ATMs and imposes a $5,000 cap on international cash transfers to combat money laundering and criminal activities.</li><li>The move aims to hinder criminal groups from using crypto ATMs to launder money, commit fraud, and fund illegal activities.</li><li>The ban on over 200 crypto ATMs in New Zealand is part of a broader anti-money laundering law to prevent illicit fund transfers and enhance regulatory oversight.</li><li>The Financial Intelligence Unit will gain expanded powers to request information from financial institutions to track suspicious activities in line with global efforts to combat financial crimes.</li></ul>

New Zealand Bans All Crypto ATMs in Sweeping Anti-Crime Push

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