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.
Scam Surge
The ban takes effect Aug. 1, 2026. Operators must remove publicly accessible machines by the end of the year. State officials say scammers have used these kiosks to turn panic into payments. A victim gets a frightening call, heads to a machine, and sends cash before anyone has time to step in.
Between 2023 and 2025, Minnesota logged 134 complaints involving crypto kiosk scams. Reported losses came close to $1 million. In 2025 alone, the state reportedly saw 70 cases and more than $540,000 in losses.
Warning Signs
No real police department, court, government agency, or bank will demand payment through a crypto ATM. A legitimate company will not tell you to protect your account by feeding cash into a kiosk. If someone demands crypto, end the call. Do not debate. Do not explain. Hang up and contact the person or agency through a number you find yourself.
Original reporting: Fox News (HLL/CB) — read the source article.
