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New Zealand Rejects Blanket Crypto ATM Ban, Opts for Targeted Regulation

09 Jul 2026 | 2 months ago | 548 views

The Government has decided against a blanket ban on crypto ATMs, opting instead for targeted regulations to reduce criminal misuse of virtual assets while allowing legitimate use. Cabinet will introduce regulation-making powers to restrict cash transactions for virtual assets, such as setting transaction limits or banning cash payments for high-risk assets if necessary. These measures are part of broader reforms to New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism system, balancing innovation with crime prevention.

Tags: Nicole McKee crypto ATMs virtual assets New Zealand government Cabinet decision Countering Financing of Terrorism cash transactions