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New Zealand Bans Cryptocurrency ATMs and Sets Transfer Limit in Anti-Money Laundering Reform
Summary: According to Decrypt, New Zealand has completely banned cryptocurrency ATMs and set the international cash transfer limit at $5,000 to combat money laundering and crime financing. As part of a large-scale reform aimed at curbing money laundering and illegal fund flows, the New Zealand government announced the closure of all cryptocurrency ATMs within the country ...
According to Decrypt, New Zealand has completely banned cryptocurrency ATMs and set the international cash transfer limit at $5,000 to combat money laundering and crime financing.
As part of a large-scale reform aimed at curbing money laundering and illegal fund flows, the New Zealand government announced the closure of all cryptocurrency ATMs within the country and set a $5,000 limit on international cash transfers.
New Zealand's Assistant Minister of Justice, Nicole McKee, unveiled the government's latest anti-money laundering and counter-terrorism financing regime reform plan in a statement on Wednesday.
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Link: New Zealand Bans Cryptocurrency ATMs and Sets Transfer Limit in Anti-Money Laundering Reform [Copy]
