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Minnesota bans crypto ATMs after scammers drain nearly $1M from residents

Minnesota bans crypto ATMs after scammers drain nearly $1M from residents

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Minnesota is banning crypto ATMs after scammers reportedly used the machines to drain nearly $1 million from residents over the past few years. The machines, also called cryptocurrency kiosks, let people turn cash into digital currency quickly. That speed has made them a favorite tool for criminals who pressure victims during fake emergencies, legal threats and romance scams.

The ban takes effect Aug. 1, 2026. Operators must remove publicly accessible machines by the end of the year. State officials say scammers have used these kiosks to turn panic into payments. A victim gets a frightening call, heads to a machine and sends cash before anyone has time to step in. That quick window is…

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