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New Zealand Cracks Down on Crypto ATMs and Tightens Cross-Border Cash Flows

  • New Zealand tightens regulations on crypto ATMs and cross-border cash flows as part of anti-money laundering efforts.
  • Authorities aim to disrupt illicit funds and criminal activities facilitated by the 221 existing crypto ATMs.
  • Deputy Justice Minister announced broader investigative powers and increased access to financial data for intelligence agencies.
  • Mixed industry responses with some welcoming better oversight while others highlight vulnerabilities like lack of identity checks at crypto ATMs.

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