New Zealand Bans Crypto ATMs: What are Other Countries Doing?

In a bold move to combat financial crime, New Zealand has become the latest country to ban cryptocurrency ATMs (also known as Bitcoin ATMs), citing their use in money laundering and illicit finance.

The move underscores a growing international trend: regulators are increasingly scrutinizing the cash-to-crypto pipeline, viewing it as a significant vulnerability for illicit finance.

While this has sparked debate within the crypto community, it also offers a valuable case study in how jurisdictions are grappling with the intersection of digital assets and financial regulation.

David Zaslowsky discusses the ban – its rationale and the likely legal ramifications – in the New York Law Journal.

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