Minnesota is banning cryptocurrency ATMs after scam victims across the state reported nearly $1 million in losses tied to the machines.

The statewide ban takes effect Aug. 1, 2026, according to Fox News. Operators must remove publicly accessible machines by the end of the year.

The machines, also called virtual currency kiosks or crypto kiosks, let people turn cash into cryptocurrency. For scammers, that can be the whole point: a victim gets scared, goes to a machine, feeds in cash, and the money moves before anyone at a bank, store, or police department has time to stop it.

Fox News reported that Minnesota logged 134 complaints involving crypto kiosk scams between 2023 and 2025, with losses approaching $1 million. In 2025 alone, the state…