Bitcoin Trading at Centre of High-Profile New Zealand Homicide Case

Key Points

1. New Zealand will ban crypto ATMs and cap transfers at $5,000 as part of AML reforms to combat money laundering and criminal finance.

2. Julia DeLuney faces murder charges and is accused of stealing over $90,000 from her mother, allegedly using crypto investments to cover her financial deficits.

3. DeLuney falsely claimed a crypto investment generated $160,000 in profits, leading her mother to deposit additional funds before her death.

4. Australia charged four individuals in a $123 million crypto money laundering ring, following an 18-month investigation and multiple raids.

5. Rep. Maxine Waters warns that upcoming US crypto bills could undermine investor protections and regulatory enforcement, prioritizing industry interests.