What Are These Crypto Kiosks Minnesota Could Soon Ban?

What are these crypto kiosks Minnesota could soon ban?

Last fall, a 76-year-old Minnesota woman withdrew $35,000 in cash from her bank account and drove to a gas station. There she found a cryptocurrency kiosk, an ATM-like machine she believed would allow her to pay the “Inspector General of Social Security” who had contacted her on her iPad. The woman had deposited $2,000 before gas station employees intervened, warning it could be a scam. Local police department officials from across Minnesota poi…

Minnesota Passes Crypto Kiosk Ban, One Governor's Signature Away From Becoming Law

Minnesota is one signature away from becoming the third state in the country to ban cryptocurrency kiosks, after the state legislature passed a bill targeting the ATM-like machines that law enforcement says have become magnets for fraud targeting elderly residents.The Minnesota House passed SF 3868 by a lopsided 127-7 margin, sending it to Governor Tim Walz. The Senate had already approved it earlier. If Walz signs it, Minnesota joins Indiana an…

Minnesota could soon join Indiana and Tennessee in banning crypto kiosks. What are they?

Last fall, a 76-year-old Minnesota woman withdrew $35,000 in cash from her bank account and drove to a gas station.There she found a cryptocurrency …

Minnesota Crypto Kiosk Ban: Why It’s Joining Indiana and Tennessee to Stop Scams

: Why It’s Joining Indiana and Tennessee to Stop Scams Minnesota is on the verge of becoming the third U.S. state to ban crypto kiosks. These machines, like Bitcoin ATMs, let people buy digital currencies with cash. But they have become a big problem for scams. Lawmakers just passed bills to shut them down. If Governor Tim Walz signs, kiosks will be gone by year’s end. What Are Crypto Kiosks? Crypto kiosks look like regular ATMs. You find them i…