New Zealand has completely banned cryptocurrency ATMs and set transfer limits as part of anti-money laundering reforms

BlockBeats News, July 9th, according to Decrypt's report, New Zealand has completely banned cryptocurrency ATMs and has set the international cash transfer limit to $5,000 to combat money laundering and crime financing

As part of a large-scale reform aimed at curbing money laundering and illicit fund flows, the New Zealand government announced it will shut down all domestic cryptocurrency ATMs and set a $5,000 limit on international cash transfers.

New Zealand's Assistant Minister of Justice, Nicole McKee, on Wednesday unveiled the government's latest anti-money laundering and counter-terrorism financing regime reform plan in a statement.