After a string of fraud cases tied to cryptocurrency ATMs, Minnesota plans to phase out the machines.

Authorities have said residents lost nearly $1 million through the scams over several years.

What’s happening?

These kiosks allow people to exchange cash for digital currency on the spot. In Minnesota, publicly accessible crypto ATMs will be banned beginning August 1, 2026, and operators must remove them before the end of that year.

As reported by Fox News, state officials have said scammers take advantage of the convenience of these machines, using made-up emergencies, legal intimidation, and romance schemes to push victims toward a transaction.

In 2025 alone, Minnesota recorded 70 crypto-kiosk scam complaints involving more than $540,000…