Minnesota lawmakers push ban on crypto ATMs after elder fraud surge
TL;DR
Minnesota lawmakers, with law enforcement and the Department of Commerce, introduced HF3642 to ban crypto ATMs that accept cash and debit cards after 70 fraud complaints totaling more than $540,000 in 2025, including a case where an elderly resident reportedly gave half her monthly income to scammers; supporters say refunds are limited (about 48% of complaints) and fraud remains a problem, while crypto platforms argue existing safeguards should suffice.
- Why Minnesota lawmakers are trying to ban crypto ATMs Mashable
- Law enforcement asks legislators to ban cryptocurrency kiosks to curb scams Minnesota House of Representatives (.gov)
- New Fraud Fund in Minnesota AARP
- Over the last four years, we’ve taken reports of more than $500,000 of cryptocurrency ATM scams just in Faribault. This morning, Chief John Sherwin joined Minnesota Public Radio's Cathy Wurzer during “Morning Edition” to talk more about the growing statewi facebook.com
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