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NZ chooses targeted rules for crypto ATMs
Officials want targeted rules instead, after scams and crime concerns around the machines grew.
New Zealand has ruled out an outright ban on crypto ATMs. The government now wants targeted regulation instead of removing them.
The source says there are around 200 machines nationwide and that they can be exploited by scammers and organised crime groups. Supporters argue they give cash-reliant New Zealanders access to crypto and digital payment technology.
- around 200
- Machine count
- New Zealand
- Country
- 2023
- Rollout year
- 6-19%
- Fee range
Why it mattersThe rules could shape how easy these machines are to use and how exposed users are to scams.
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