New Zealand Bans Crypto ATMs to Combat Money Laundering While Promising to Support Legit Crypto Businesses

New Zealand intends to ban crypto ATMs to tackle money laundering operations in the country. Criminals use crypto ATMs to convert cash into digital assets. The New Zealand government is concerned that criminals operating in the country are connected with global crypto operations. 38,537 crypto ATMs are operating in 67 countries, connecting retail users with

Source: ZyCrypto