New Zealand completely bans cryptocurrency ATM machines and sets transfer limits in anti money laundering reforms

BlockBeats News: On July 9th, according to Decrypt, New Zealand has completely banned cryptocurrency ATM machines and set the international cash transfer limit at $5000 to combat money laundering and criminal financing As part of a large-scale reform aimed at curbing money laundering and illegal fund flows, the New Zealand government has announced the closure of all cryptocurrency ATMs within its borders and a $5000 cap on international cash transfers. New Zealand Assistant Attorney General Nicole McKee announced the government's latest anti money laundering and counter-terrorism financing system reform plan in a statement on Wednesday.