In brief
- New Zealand is banning crypto ATMs and capping international cash transfers at $5,000.
- The reforms will expand enforcement powers to enable more comprehensive financial surveillance of individuals of interest.
- Industry leaders support the move as a necessary step to curb illicit activity, noting that crypto kiosks mainly attract users seeking anonymity or to convert illegal funds.
New Zealand is pulling the plug on crypto ATMs and capping international cash transfers at $5,000 as part of sweeping reforms aimed at what the country’s government says will choke off money laundering and criminal finance.
Associate Justice Minister Nicole McKee unveiled the government’s latest overhaul of its anti-money laundering and countering…
Jul 09 2025
