• 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.
