New Zealand Cracks Down on Cash Crime with Crypto ATM Ban and $5K Transfer Cap
- New Zealand will ban crypto ATMs to close a major loophole for money laundering and terrorist financing, says Associate Justice Minister Nicole McKee.
- The new AML overhaul also caps international cash transfers at NZ$5,000, aiming to make it harder for criminals to move cash into crypto.
- NZ’s move mirrors wider global scrutiny, with other regions like Spokane and Australia also tightening rules or outright restricting crypto ATMs.
New Zealand is cracking down on crypto ATMs, targeting what the government calls a “critical weak point” in its battle against money laundering and terrorist financing.
According to a Wednesday announcement by Associate Justice Minister Nicole McKee, the government will…
