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Minnesota Bans Crypto ATMs After Scammers Drain Nearly $1 Million From Residents

6/22/2026

Minnesota will prohibit publicly accessible cryptocurrency kiosks starting August 1, 2026, after state officials recorded 134 complaints and losses approaching $1 million tied to kiosk-based scams between 2023 and 2025.

Operators must remove their machines from public locations by the end of the year.

The ban is the state's most direct response yet to a fraud method that officials say moves money too quickly for victims — or bystanders — to intervene.

What a Crypto Kiosk Is, and Why Scammers Use It A cryptocurrency kiosk, often called a crypto ATM, is a machine that accepts cash and converts it into digital currency within minutes. That speed is the central problem.

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