Criminal activity fears as crypto ATM popularity grows in NZ
Police are monitoring cryptocurrency ATMs as criminals exploit the growing technology for nefarious purposes.
Funding terrorism, aiding illegal firearms purchases and money laundering are just some of the threats the systems have been used for, and our top watchdog said similar plots have already been stopped on our shores.
More than 200 cryptocurrency ATMs now operate nationwide, with machines appearing at dairies, malls and petrol stations across the country.
1News spoke to several dairy owners, many not wanting to be identified, who confirmed the machines are being increasingly used. One Wellington dairy owner reported the cryptocurrency machine was being visited at least three times a day.
“Many people come and use it. I’m not…
