New Zealand bans cryptocurrency ATM machines and restricts cryptocurrency transfers in anti money laundering reform According to Decrypt, the New Zealand government is undergoing significant reforms aimed at curbing money laundering and criminal financing. As a result, New Zealand will cease the use of cryptocurrency ATMs and set an international cash transfer limit of $5000. On Wednesday, Deputy Attorney General Nicole McKee announced the latest reform plan for anti money laundering and counter-terrorism financing systems. The government plans to propose a new bill to expand the law enforcement powers of the police and regulatory agencies, enabling financial intelligence agencies to collect more financial data of key personnel, and to negotiate on the collection of system fees. McKee stated that the government has a firm attitude towards combating crime and will not create too many obstacles for legitimate businesses. It aims to make New Zealand an easy place for legitimate businesses to operate and a difficult place for criminals to hide. The reform of setting transfer limits is aimed at cracking down on the outflow of criminal funds while ensuring legal electronic transfers.