Minnesota is considering a ban on cryptocurrency ATMs, according to reports. Representative Erin Koegel has proposed a total ban on crypto kiosks in the state. This proposal builds upon a 2024 state law that had already imposed restrictions on kiosk operators. The move comes after reports of scams involving crypto ATMs. The potential ban reflects increasing regulatory scrutiny of the cryptocurrency industry and efforts to protect consumers from fraud.

Minnesota is considering a ban on cryptocurrency ATMs, according to reports. Representative Erin Koegel has proposed a total ban on crypto kiosks in the state. This proposal builds upon a 2024 state law that had already imposed restrictions on kiosk operators. The move comes after reports of scams involving crypto ATMs. The potential ban reflects increasing regulatory scrutiny of the cryptocurrency industry and efforts to protect consumers from fraud.