ATMs

Minnesota cities are increasingly regulating cryptocurrency ATMs as scams rise, with over 5,500 fraud cases reported in 2023. Areas like Stillwater have banned the kiosks, while others consider stricter rules due to concerns over high fees and limited utility.

Several Minnesota cities are taking action against cryptocurrency ATMs due to a dramatic increase in scams, particularly targeting seniors. Large sums of money have been lost in these scams, prompting cities like Stillwater and Forest Lake to impose strict regulations or bans on these machines. Companies in the crypto industry are pushing back against these measures.