Minnesota crypto ATM ban takes effect after $1 million in reported scam losses
MINNEAPOLIS, Aug. 1. Minnesota's ban on cryptocurrency ATMs is now in force, following state officials' report that residents lost about $1 million to scams tied to crypto kiosks from 2023 to 2025. Senior citizens made up a disproportionate share of those losses, officials said.
Key takeaways
- Minnesota's statewide ban on cryptocurrency ATMs took effect on Aug. 1, 2026.
- State officials reported that residents lost about $1 million to scams tied to crypto kiosks from 2023 to 2025.
- Senior citizens accounted for a disproportionate share of those reported losses.
- The officials' report included no breakdown by victim count, transaction volume, or scam type.
- The state released no additional detail on how it will enforce the ban against existing kiosks.
MINNEAPOLIS, Aug. 1. Minnesota's ban on cryptocurrency ATMs is now in force, following state officials' report that residents lost about $1 million to scams tied to crypto kiosks from 2023 to 2025. Senior citizens made up a disproportionate share of those losses, officials said.
Losses tied to kiosk scams
State officials documented roughly $1 million in losses from scams run through crypto ATMs over the two-year span. Older residents bore a significant portion of that total. The officials' report carried no breakdown by victim count, transaction volume, or scam type.
Ban enters force
Minnesota's prohibition on crypto kiosks is active statewide. Officials moved against the machines after the documented pattern of consumer harm. The state released no additional detail on enforcement against existing units.
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