Odaily Planet Daily News: Minnesota lawmakers have introduced a bill to ban cryptocurrency ATMs statewide, making it one of the strictest regulations against such devices in the United States.
House File 3642, introduced by DFL representative Erin Koegel on February 23, 2026, aims to prohibit the placement or operation of virtual currency ATMs anywhere in Minnesota and to repeal the existing regulatory framework established in 2024.
The proposal has received support from law enforcement and consumer advocacy groups, who point out that these devices have become major tools for scammers, especially in “pig-butchering” scams targeting the elderly. The Minnesota Department of Commerce strongly supports the bill, believing that current safeguards are ineffective against complex fraud schemes. The bill must pass through the state House and Senate before being signed by the governor. The Minnesota legislative session will continue until May 2026. (Ibtimes)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Jake Paul boxing match bans Bitcoin logos, Netflix's double standards spark controversy
During the Jake Paul vs. Anthony Joshua boxing match, Netflix requested that boxer Justin Cardona remove his Bitcoin sponsorship logo one week before the event but allowed exposure through a betting platform. The incident highlights the contradictions in Netflix's sponsorship guidelines and raises questions and reflections on Bitcoin sponsorships in sports. As a result, Cardona suffered financial losses and his training plans were disrupted.
MarketWhisper25m ago
TD Cowen: The U.S. may permanently ban CBDC, with the real estate amendment becoming a key factor
According to analysis, the U.S. Congress may push for a permanent ban on Central Bank Digital Currencies (CBDC). Senator Cruz has introduced an amendment to turn the temporary ban into a permanent one. This move reduces concerns about the Federal Reserve issuing digital dollars and benefits the stablecoin market. However, the ban could become an obstacle to advancing the CLARITY Act, lowering its priority.
MarketWhisper1h ago
Three measures in one week in South Korea raise concerns: selling Bitcoin, excluding stablecoins, and restricting exchange shareholdings
South Korea has recently introduced three cryptocurrency policies: the sale of 320.88 Bitcoins, the exemption of stablecoins (USDT and USDC) from corporate investment guidelines, and a 34% ownership cap for exchange shareholders. These measures have raised concerns in the market about the direction of regulation. While each measure has reasonable explanations, the cumulative effect could impact market confidence, especially during this sensitive period when new regulations are pending.
MarketWhisper2h ago
The UK government releases anti-fraud strategic document, listing cryptocurrencies as a "growing risk"
Gate News Update: On March 11, the UK Home Office released the Fraud Prevention Strategy Policy Document for 2026 to 2029, listing cryptocurrency as a "growing risk." The document states that scams on social media and messaging apps are inducing victims to transfer funds through emerging payment methods such as cryptocurrencies, and authorities still have weaknesses in combating such fraud. The country's National Crime Agency launched a nationwide campaign in 2025 to help consumers identify scams, and the government is supporting law enforcement agencies (including the Serious Fraud Office) to enhance their investigation capabilities into crypto assets.
GateNews2h ago
CLARITY Act 8-week window countdown, senators consider sacrificing stablecoin yields
The CLARITY Act has been held up in the Senate since passing the House in 2025 due to opposition from the banking industry to the stablecoin reward proposal. Within 8 to 10 weeks after legislation, there are three main windows to advance the bill, but several controversies remain. The market remains cautiously optimistic about the bill's passage.
MarketWhisper2h ago
The Supreme Court calls for "Legal Response to Cryptocurrency": Releases 3 Major Signals!
By 2026, the Supreme Court will incorporate cryptocurrencies into the judicial system, marking a shift from criminal offenses to civil and commercial regulations. Through changes in case types and judgment logic, digital assets will gain legal status, with more precise rulings and diversified remedies, better protecting the rights and interests of those harmed. This trend guides the market toward rationality and increases the cost of violations. Although the journey is long, the judicial attitude towards cryptocurrencies has been preliminarily established.
PANews2h ago
