<ul data-eligibleForWebStory="false"><li>New Zealand has banned cryptocurrency ATMs nationwide as part of reforms aimed at combating money laundering risks associated with digital assets.</li><li>International cash transfers are now capped at NZD $5,000 per transaction to prevent illicit movement of funds offshore.</li><li>New enforcement powers have been granted to police and regulators in New Zealand, allowing broader surveillance and data requests from crypto-related businesses.</li><li>The proactive approach taken by New Zealand sets a precedent for other countries in the Asia-Pacific region to address financial crime risks associated with cryptocurrencies.</li></ul>

New Zealand Bans Crypto ATMs Nationwide to Strengthen AML Enforcement

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