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Updated 2h ago
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Minnesota bans crypto ATMs after scam surge
Minnesota is implementing a statewide ban on cryptocurrency kiosks. The move follows reports of residents losing nearly $1 million to scams. The ban takes effect on August 1, 2026.
What changed
Minnesota has announced a statewide ban on crypto ATMs effective August 1, 2026.
Live updates
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Minnesota bans cryptocurrency ATMs following scam surge
confidence 100%Minnesota is implementing a statewide ban on cryptocurrency kiosks. The move follows reports of residents losing nearly $1 million to scams. The ban takes effect on August 1, 2026.
What's confirmed:
- Minnesota is banning cryptocurrency ATMs after residents reported nearly $1 million in losses.
- The statewide ban on crypto kiosks takes effect August 1, 2026.
- Scammers used the machines to target victims through fake emergencies and legal threats.
Still unconfirmed:
- Criminals also used the machines for romance scams.
- Authorities warn that scammers are shifting their tactics.