<ul data-eligibleForWebStory="false"><li>New Zealand plans to ban cryptocurrency ATMs and restrict cash transfers overseas to combat money laundering and financial crime.</li><li>The move is part of a larger reform of the country's anti-money laundering and counter-terrorism financing laws, aimed at targeting criminals misusing crypto ATMs.</li><li>The government also intends to limit international cash transfers to NZ$5,000 and strengthen oversight to deter illicit activities through the financial system.</li><li>The global trend of increasing scrutiny on crypto ATMs highlights concerns over their misuse for scams and criminal activities, leading to regulatory actions in various countries.</li></ul>

New Zealand Moves to Ban Crypto ATMs in Anti-Money Laundering Crackdown

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