# Minnesota bans crypto ATMs after scam losses near $1 million

Minnesota's ban on cryptocurrency ATMs has taken effect following citizen reports of nearly $1 million in losses to scams. The measure aims to curb fraud that exploits these kiosks for quick, hard-to-trace payments. It marks a notable state-level effort to regulate crypto access and protect consumers.

**Importance:** 3/5

## Sources

### Business
- [Fox News Business](https://www.foxbusiness.com/politics/minnesotas-ban-crypto-atms-goes-effect-after-citizens-report-losing-nearly-1-million-scams) — Sat, 01 Aug 2026 14:36:42 GMT