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New Zealand Cracks Down: Crypto ATMs Face Ban in Sweeping Anti-Money Laundering Reforms
New Zealand Cracks Down: Crypto ATMs Face Ban in Sweeping Anti-Money Laundering Reforms
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New Zealand's financial regulators are taking a sledgehammer to crypto ATMs—calling them a 'backdoor for dirty money' in a proposed AML overhaul.
The move comes as part of a global trend of governments scrambling to control what they can't comprehend. Because nothing says 'financial innovation' like banning the machines that dispense it.
While the Reserve Bank claims this will 'strengthen compliance,' crypto advocates argue it's another case of legacy finance cutting off access under the guise of protection.
One thing's certain: When bureaucrats start 'overhauling' emerging tech, someone's about to get rich—and it won't be retail investors.
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