Minnesota crypto ATM ban starts after $1M losses

Minnesota’s statewide crypto ATM ban took effect on Aug. 1, 2026, stopping operators from offering virtual currency kiosks after residents reported nearly $1 million in related scam losses. Summary 134 complaints produced nearly $1 million in reported Minnesota crypto kiosk losses across three years. August 1 rules require every Minnesota crypto kiosk offline, with public removal due December 31. 2025 FBI data recorded 222 Minnesota kiosk complaints and more than $4 million in losses. Governor Tim Walz signed Senate File 3868 on May 5 after the measure cleared the state legislature. The law covers machines that exchange cash, bank credit or another virtual currency for crypto. It does not prevent Minnesotans from buying, selling or holding digital assets through lawful online services. The ban took effect as scheduled, with physical removal due by year-end. Minnesota crypto ATM ban stops kiosk transactions Under the enacted Minnesota law, businesses may no longer install, operate, maintain or make a crypto kiosk available for use anywhere in the state. Existing machines had to stop processing transactions by Aug. 1, although operators have until Dec. 31 to remove them from location...