• Complete ban on crypto ATMs effective July 2025 (affects 220+ machines)• New $5,000 cap on international cash transfers• Enhanced Financial Intelligence Unit enforcement powers• Part of broader AML/CFT reform package ↗️
Market Drivers
• Concerns over anonymous transactions enabling money laundering• Criminal exploitation of cash-to-crypto conversion pathways• International regulatory alignment pressures ↗️
Trading Implications
• Shift toward P2P platforms and regulated exchanges• Increased compliance costs for local businesses• Limited cross-border transaction speeds affecting arbitrage• Innovation opportunity in secure transaction alternatives ↗️
Traders should adapt by embracing compliant digital platforms while monitoring regulatory developments. For strategic insights, see this Binance analysis.
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