Security

Minnesota to ban crypto ATMs in August

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May 21, 2026

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Minnesota is set to become the third state to ban crypto ATMs, following in the footsteps of Indiana and Tennessee. Governor Tim Walz signed the bill earlier this month, which will officially ban crypto ATMs from operating in the state on Aug. 1, according to a report by Yahoo.

From 2023 to 2025, Minnesota had 134 complaints surrounding crypto ATM scams, which accounted for close to $1 million in losses. In most of these cases, the scammer would generate fake emergencies by pretending to be law enforcement, romantic partners or family members.

The Department of Commerce will work with operators to remove the ATMs by the deadline.