Minnesota Law Banning Crypto ATMs Takes Effect
Minnesota has officially enforced a statewide prohibition on crypto ATMs following mounting concerns over fraud linked to the machines. State authorities reported that residents have lost close to $1 million through scams involving crypto kiosks since 2023. Governor Tim Walz approved the legislation on May 4, preventing any new crypto kiosks from being installed across the state. Machines already in operation can continue temporarily but must be removed before December 31. State investigators say the devices have increasingly become tools for criminals targeting older adults. Fraudsters frequently pose as police officers or other government representatives, convincing victims that a family…





