New Zealand is set to ban cryptocurrency ATMs and limit international cash transfers to $5,000 under sweeping new anti-money laundering (AML) reforms aimed at choking off criminal cash flows. Associate Justice Minister Nicole McKee announced the proposed changes on July 9, stating that the reforms would “target criminals” who exploit ...
The Reserve Bank of New Zealand (RBNZ) has released the findings from its public consultation on the potential introduction of a central bank digital currency (CBDC), or "digital cash," as it chooses to call it. The results were based on 500 submissions and 18,000 survey responses, and it revealed limited ...
New Zealand's Revenue Minister, Simon Watts, has proposed integrating the OECD's framework for gathering crypto-asset financial information into the national framework. The proposed legislation, which is part of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Bill, seeks to align New Zealand's regulations with the OECD's Crypto-Asset ...
