In a daring transfer to fight monetary crime, New Zealand has turn into the newest nation to ban cryptocurrency ATMs (also referred to as Bitcoin ATMs), citing their use in cash laundering and illicit finance.
The transfer underscores a rising worldwide pattern: regulators are more and more scrutinizing the cash-to-crypto pipeline, viewing it as a major vulnerability for illicit finance.
Whereas this has sparked debate throughout the crypto neighborhood, it additionally gives a priceless case research in how jurisdictions are grappling with the intersection of digital property and monetary regulation.
David Zaslowsky discusses the ban – its rationale and the seemingly authorized ramifications – within the New York Regulation Journal.
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