Minnesota Enforces Crypto ATM Ban Effective August 1

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Minnesota’s new crypto ban targeting cryptocurrency ATMs takes effect on August 1, as part of broader CFT efforts. All ATMs must cease operations by that date and be fully removed by year-end. At their peak, 350 machines operated in the state, run by eight companies. Minnesota’s Commerce Department recorded 134 complaints between 2023 and 2025, with losses approaching $1 million. Authorities state that illicit funds often flow overseas and are difficult to trace. Minnesotans can still trade cryptocurrency through regulated online platforms.

According to ME News, a new state law in Minnesota, USA, banning cryptocurrency ATMs takes effect on August 1 (UTC+8). These ATMs must be taken offline by August 1 and physically removed from stores by the end of the year. At the time the law was passed, approximately 350 licensed cryptocurrency ATMs were operating across the state, run by eight companies. The state’s Department of Commerce reported that 134 complaints involving cryptocurrency ATMs were investigated between 2023 and 2025, resulting in nearly $1 million in losses for Minnesota residents. Law enforcement noted that these transactions typically流向 overseas and are difficult to trace. After the ban takes effect, residents can still trade cryptocurrencies through regulated online platforms. (Source: ODAILY)

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