Minnesota lawmakers have introduced legislation that would impose a complete ban on cryptocurrency kiosks — commonly known as crypto ATMs or Bitcoin ATMs — across the state, marking one of the most aggressive regulatory moves against the machines in the United States as fraud complaints targeting elderly residents continue to rise.

House File 3642, sponsored by DFL Rep. Erin Koegel, co-chair of the House Commerce Finance and Policy Committee, was introduced February 23, 2026, and discussed in committee February 26. The bill prohibits anyone from “placing or operating a virtual currency kiosk” anywhere in Minnesota and would repeal the existing regulatory framework established in 2024, which included a $2,000 daily transaction limit…