A Complete Ban on Cryptocurrency ATMs? Minnesota State Considers Legislation Amid Rising Elder Fraud

On February 26, the Minnesota State Legislature discussed a bill, HF 3642, that seeks to ban all cryptocurrency ATMs within the state. Introduced by Representative Erin Koegel of the Minnesota Democratic-Farmer-Labor Party (DFL) to the House Commerce and Financial Policy Committee on February 23, HF 3642 aims to prohibit the installation and operation of 'cryptocurrency kiosks' statewide, allowing immediate transactions of cryptocurrencies via cash or debit cards...