Crypto ATMs are here to stay despite their scam risks. How should NZ regulate them?

Justin Sullivan/Getty Images They’re tucked away in dairies, petrol stations and vape shops from Auckland to Invercargill – and, at first glance, they look like ordinary cash machines. Rather, they’re cryptocurrency ATMs. Increasingly, they have come to represent one of New Zealand’s trickiest anti-money laundering challenges. Although New Zealand first experimented with cryptocurrency ATMs more than a decade ago, they remained a novelty until 2023, when commercial operators began rolling out…