<ul data-eligibleForWebStory="false"><li>New Zealand will ban cryptocurrency ATMs and cap international cash transfers at NZ$5,000 to combat money laundering.</li><li>The ban will affect the 221 crypto kiosks currently operating in New Zealand, aiming to disrupt financial crime and prevent criminals from turning cash into high-risk assets like cryptocurrencies.</li><li>Australia recently implemented a similar measure, limiting crypto ATM transactions to AU$5,000 and strengthening customer checks to address financial scams.</li><li>New Zealand is introducing a bill to enhance authorities' ability to tackle money laundering while streamlining compliance rules intelligently to focus on actual risks rather than burdensome paperwork.</li></ul>

New Zealand to Ban Crypto ATMs to Curb Money Laundering

Discover more