(FOX 9) – Lawmakers are on the verge of banning cryptocurrency kiosks in Minnesota, citing a surge in scams and growing concerns from law enforcement.

Minnesota cryptocurrency kiosk ban

What we know:

The Minnesota House has passed S.F. 3868, which would ban cryptocurrency kiosks statewide. The legislation previously passed the Minnesota Senate earlier this month and now heads to Gov. Walz for his signature to become law. 

If signed, Minnesota would become one of the first states to ban cryptocurrency kiosks in response to widespread fraud.

Dig deeper:

Cryptocurrency kiosks, which look like ATMs, allow people to use cash or debit cards to buy cryptocurrency. Once cash is converted, it becomes untraceable and nearly impossible…