Summary
- New Zealand has announced a complete ban on the use of virtual asset ATMs.
- The government stated that, to prevent money laundering and terrorist financing, this measure was implemented along with an international cash remittance limit of $5,000.
- It is known that currently there are more than 220 virtual asset ATMs operating in New Zealand.
It has been reported that New Zealand has completely banned the use of virtual asset (cryptocurrency) ATMs.
According to Cointelegraph on the 9th (local time), Nicole Mackey, the Deputy Minister of Justice of New Zealand, announced a total ban on the use of virtual asset ATMs to prevent money laundering and terrorist financing. Additionally, the international cash remittance limit has been set at $5,000. She added that, “This measure is to block criminals who exchange virtual assets for cash.”
Meanwhile, it is known that currently over 220 virtual asset ATMs are operating in New Zealand.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
