New Zealand bans cryptocurrency ATMs outright, sets transfer limits in anti-money laundering reforms

According to Decrypt, New Zealand has completely banned cryptocurrency ATMs and set a limit of $5,000.00 on international cash transfers to combat money laundering and crime financing. As part of a large-scale reform aimed at curbing money laundering and illegal financial flows, the New Zealand government has announced that it will close all cryptocurrency ATMs in the country and set a $5,000.00 limit on international cash transfers. [Foresight News]