The ban addresses regulatory gaps and anti-money laundering issues, impacting over 220 crypto ATMs and raising concerns about retail access.
On July 17, 2025, New Zealand's financial watchdog outlawed cryptocurrency ATMs, citing regulatory gaps and concerns over anti-money laundering (AML). This decision raises questions about retail access to digital currencies and compliance with financial regulations. The ban is part of a broader reform aimed at tightening controls on financial crimes, impacting the existing network of over 220 crypto ATMs across the country.