Minnesota bans crypto ATMs after scam surge

Minnesota is banning crypto ATMs after scammers reportedly used the machines to drain nearly $1 million from residents over the past few years. The machines, also called cryptocurrency kiosks, let people turn cash into digital currency quickly. That speed has made them a favorite tool for criminals who pressure victims during fake emergencies, legal threats and romance scams.

The ban takes effect Aug. 1, 2026. Operators must remove publicly accessible machines by the end of the year. State...