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Crypto ATMs in NZ: Risk or Lifeline | Auckland News
New Zealand’s crypto ATMs are booming—200 machines now dotting the landscape, from dairies to vape shops—but they’re sparking a national debate: lifeline for the unbanked or scam magnet? While regulators dodged a full ban, they’re crafting smart rules to curb abuse: caps, cooling-off periods, real-time reporting, and scam warnings. For 51,000 cash-only Kiwis, these kiosks offer financial access; for scammers, they’re a cash-to-crypto getaway. With $hundreds of millions lost globally—and NZ’s Banking Ombudsman confirming tens of thousands in losses—the government’s balancing act is on. Listen…
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