NewZealand

Farewell, Crypto ATMs: New Zealand Tightens Reins on Digital Cash New Zealand is implementing significant reforms to combat money laundering and criminal financing, which include banning crypto ATMs and setting a $5,000 cap on international cash transfers.
Associate Justice Minister Nicole McKee announced these changes, stating that a new bill will be introduced to enhance enforcement powers for police and regulators and allow broader financial data collection. The government aims to make New Zealand a difficult place for criminals to operate while reducing red tape for legitimate businesses.
The ban on crypto ATMs comes after reports highlighted their use by criminals to quickly move funds offshore for illicit activities like drug imports and scams. Industry leaders, such as Janine Grainger of Easy Crypto, have welcomed the ban, viewing it as a sign of the crypto sector's maturation and a necessary step for safety and compliance. Similarly, Arjun Vijay of Giottus noted the inevitability of such bans given the lack of KYC (Know Your Customer) safeguards and high fees associated with these machines, which often attract users seeking anonymity or to convert illicit funds.
The reforms also establish a $5,000 limit for international cash transfers, specifically targeting criminal organizations' ability to move money discreetly, while electronic bank transfers remain unaffected for legitimate purposes. This crackdown aligns with growing international concerns, as seen in Australia's financial watchdog placing crypto ATMs "on notice" and Spokane, Washington, banning them due to significant fraud losses. Reference: "New Zealand to Ban Crypto ATMs, Cap Transfers in AML Regime Shake-Up." (2025, July 9). Decrypt. #CRYPTOATM #NewZealand

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🚫 JUST IN: New Zealand Cracks Down on Crypto! 🇳🇿💥

In a bold move to combat money laundering, New Zealand has banned all crypto ATMs and imposed a strict $5,000 limit on international transfers. 🌐💸

🔐 Fintech firms and crypto platforms are now required to tighten KYC procedures, with regulators pushing for stronger financial surveillance and control across the board.

This signals a major shift in NZ’s stance on crypto freedom — and the industry will be watching closely. 👀⚖️

#CryptoRegulation #NewZealand #KYC #CryptoNews #AML

🇳🇿 New Zealand Tightens Crypto Control

The government is introducing measures to combat money laundering:

• ❌ Ban on crypto ATMs
• 💸 Limit of $5000 on cross-border transfers
• 🛑 Strict rules for crypto services and providers

The goal is to strengthen control over financial flows.
The market perceives this as a signal of a global trend towards regulation.

We are monitoring the reactions of other countries.
#crypto #Tgtrnd #AML #NewZealand

#NewZealand
🚨 New Zealand to Ban Crypto ATMs in Major Anti-Money Laundering Push 🇳🇿

New Zealand is cracking down on crypto ATMs as part of a broader effort to combat money laundering and terrorist financing. Associate Justice Minister Nicole McKee announced the ban, citing the need for a “smarter, more agile” AML/CFT system to target criminals.

Key points:
• Police identified 157 crypto ATMs as primary money laundering channels for drug dealers.
• A $5,000 cap on international transfers will curb illicit fund flows.
• New legislation will boost police and regulator powers, including enhanced Financial Intelligence Unit capabilities.
• The government aims to reduce compliance burdens for low-risk customers and businesses.

The move signals a tough stance on crypto-related crime while balancing regulatory efficiency.

Swyftx Acquires Caleb & Brown With Largest Crypto Deal in ANZ
On July 1, 2025, the crypto exchange Swyftx (Australia) announced the acquisition of Caleb & Brown for over 100 million AUD (~65.8 million USD), marking the largest crypto M&A deal in the Australia and New Zealand region (Decrypt). This transaction expands Swyftx's influence in the US, targeting wealthy clients.
Swyftx Expands Through Caleb & Brown Acquisition
Swyftx, based in Brisbane, acquires Caleb & Brown, a digital asset brokerage serving high-end clients in the US. The deal, following Swyftx's acquisition of Easy Crypto (#NewZealand ) three months ago, helps this exchange become the largest crypto platform in Australia, with a team of nearly 300 people. Spartan (Singapore, Hong Kong) provides financial advice to Swyftx. CEO Jason Titman emphasizes the crypto-friendly policy during Trump's administration, such as the GENIUS Act, which reduces risks and increases appeal for US investors. Titman predicts a strong increase in crypto M&A in 2025.

Impact on the Crypto Market
Increased crypto acceptance: The deal reinforces confidence in digital assets in the US, #ANZ .
Boosting M&A: Trump's friendly policies encourage consolidation in the industry.
DeFi Development: Swyftx expands services, enhancing blockchain integration.

Risk Warning: Crypto investment carries high risks.

Breaking: New Zealand prohibits crypto ATMs and limits transfers in significant AML regulation overhaul.
#NewZealand #CryptoBan #AML #CryptoRegulation #FinanceNews

🚨 *Crypto Shake-Up in NZ!* 🇳🇿

New Zealand's cracking down on crypto ATMs and capping cash transfers at $5,000 💸🚫. No more sneaky money laundering or terrorist financing here! 🙅‍♂️ The government's all about transparency and accountability in the crypto space. Time to get creative, crypto enthusiasts! 🤔💡
#CryptoRegulation #NewZealand

#NewZealand New Zealand has banned cryptocurrency ATMs and capped international cash transfers, moves officials say are part of a broader effort to disrupt money laundering and organized financial crime.

In a Wednesday announcement, Associate Justice Minister Nicole McKee unveiled the measures as part of the government’s overhaul of its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime.
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New Zealand bans cryptocurrency ATMs and limits money transfers to combat money laundering

#NewZealand is banning cryptocurrency ATMs and limiting international cash transfers to $5,000 to combat money laundering and crime financing. This move is part of the government's extensive reforms.

Reforms and Reasons

Justice Minister Nicole McKee stated that the new bill will expand enforcement powers for police and regulatory agencies, allowing the Financial Intelligence Unit to gather broader financial data on suspicious individuals. Reports indicate that criminals use #ATMcrypto to buy and transfer cryptocurrency for illegal activities.
Leaders in the cryptocurrency industry in New Zealand support this ban. They argue that these ATMs primarily attract those seeking anonymity or converting illegal money due to a lack of KYC regulations and high fees. This move is viewed as a necessary step to legitimize the industry and ensure user safety, rather than undermining it.

Global Trends

New Zealand is not alone in tightening control over cryptocurrency ATMs. Australia has recently warned the sector due to scams targeting the elderly, and Spokane (USA) has voted to completely ban crypto ATMs after FBI data showed $5.6 billion in losses due to fraud related to these machines in 2024.

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