New Zealand to ban crypto ATMs, cap transfers in AML regime shake-up

New Zealand is enacting a ban on crypto ATMs and limiting international cash transfers to 5,000 NZD, aiming to combat money laundering. This is part of a broader initiative to enhance enforcement and financial monitoring of suspicious activities.

Industry leaders, including Janine Grainger of Easy Crypto, view these reforms as essential for legitimizing the cryptocurrency market and ensuring safer transactions for users.

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