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Minnesota crypto ATM ban starts after $1M losses

Minnesota crypto ATM ban starts after $1M losses

Minnesota’s statewide crypto ATM ban took effect on Aug. 1, 2026, stopping operators from offering virtual currency kiosks after residents reported nearly $1 million in related scam losses. 

Summary

  • 134 complaints produced nearly $1 million in reported Minnesota crypto kiosk losses across three years.
  • August 1 rules require every Minnesota crypto kiosk offline, with public removal due December 31.
  • 2025 FBI data recorded 222 Minnesota kiosk complaints and more than $4 million in losses.

Governor Tim Walz signed Senate File 3868 on May 5 after the measure cleared the state legislature.

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