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BTCC / BTCC Square / Thecryptobasic /
New Zealand Cracks Down: Crypto ATMs Face Ban in Bold Anti-Money Laundering Move

New Zealand Cracks Down: Crypto ATMs Face Ban in Bold Anti-Money Laundering Move

Author:
Thecryptobasic
Published:
2025-07-10 07:43:20
5
3

New Zealand Moves to Ban Crypto ATMs in Anti-Money Laundering Crackdown

Regulators just pulled the plug on crypto's cash gateway—no more anonymous swaps at the corner kiosk.


The Compliance Hammer Drops

Wellington's financial watchdog is torching the on-ramps for dirty money, claiming crypto ATMs are the weak link. Never mind that laundered fiat still flows through banks like a broken fire hydrant.


Cold Hard (Digital) Reality

While bureaucrats high-five over 'protecting the system,' crypto natives are already routing around the damage—DeFi bridges don't need brick-and-mortar terminals. Another case of regulators playing whack-a-mole while the blockchain evolves underneath them.

|Square

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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