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Tennessee becomes second state to ban crypto ATMS amid rise in fraud, money laundering concerns

Summary by WATE
KNOXVILLE, Tenn. (WATE) — You have likely seen cryptocurrency ATMs at convenience stores and gas stations. They will soon be banned due to a new Tennessee law meant to prevent fraud and money laundering associated with the machines. 6 News has talked with people who fell victim to scammers who directed them to the crypto [...]

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WATEWATE
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Tennessee becomes second state to ban crypto ATMS amid rise in fraud, money laundering concerns

KNOXVILLE, Tenn. (WATE) — You have likely seen cryptocurrency ATMs at convenience stores and gas stations. They will soon be banned due to a new Tennessee law meant to prevent fraud and money laundering associated with the machines. 6 News has talked with people who fell victim to scammers who directed them to the crypto [...]

·Nashville, United States
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WATE broke the news in Nashville, United States on Wednesday, May 6, 2026.
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