AI Summary

According to Cointelegraph, New Zealand has imposed a complete ban on crypto ATMs to prevent money laundering and organized financial crimes, and a global money transfer limit of $5,000 has been set.

⚖️ These measures are part of the reforms to Anti-Money Laundering (AML) laws, announced by Minister of Justice Nicole McKee. The aim is to stop the illegal transfer of funds by criminals, while also protecting legitimate businesses from unnecessary pressure.

📊 The Financial Intelligence Unit (FIU) has been given the authority to continuously monitor suspicious individuals from banks and institutions.

🌍 This step is part of a global wave of increasing scrutiny, similar measures have also been taken in Australia and the United States.

#CryptoRegulation #NZCryptoBan #BinanceSquare #UrduCryptoNews #AML

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