Crypto ATMs were just banned in New Zealand: Here’s why it matters

Key Points

1. New Zealand's Justice Minister Nicole McKee announced the ban on crypto ATMs on July 17, 2025, as part of AML/CFT reforms, targeting over 220 machines in operation.

2. Crypto ATMs were identified as tools for criminal activity, with one case involving NZ$107 million allegedly laundered through such channels.

3. CoinFlip, New Zealand's largest crypto ATM provider, criticized the ban, calling it a step backward for innovation and advocating for smarter regulation instead.

4. Bitcoin remains legal in New Zealand, but crypto ATMs are banned, and individuals must comply with AML/CFT regulations when trading or mining cryptocurrencies.

5. New Zealand's approach contrasts with countries like Australia, which opted for tighter regulation rather than a full ban on crypto ATMs.