Why Minnesota lawmakers are trying to ban crypto ATMs

Image credit: studiogstock via Freepik. Article by Jack Dawes. Mashable – March 1, 2026.

In a joint effort between Minnesota lawmakers, local law enforcement, and the Department of Commerce, legislation has been introduced to ban crypto ATMs across the state in response to widespread fraud and financial abuse, particularly of the elderly. Bill HF3642, sponsored by Rep. Erin Koegel, would prohibit the use of virtual currency kiosks or “crypto ATMs,” that also accept cash and debit cards, in response to 70 official complaints of financial fraud totaling over $540,000 in 2025. […]

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