New Zealand Completely Bans Cryptocurrency ATMs and Sets Transfer Limits in Anti-Money Laundering Reform

According to Mlion.ai and reported by Decrypt, the New Zealand government has decided to completely ban cryptocurrency ATMs to combat money laundering and financing of crime, and has set an international cash transfer limit of $5,000. New Zealand Assistant Justice Minister Nicole McKee introduced the government's latest anti-money laundering and counter-terrorism financing system reform in a statement on Wednesday, which is part of New Zealand's large-scale efforts to combat money laundering and illegal fund flows.

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