Tennessee bans crypto ATMs that have become 'payment portal of choice for scammers' — second state to restrict machines after Indiana
Tennessee has banned cryptocurrency ATMs effective July 1, 2026, becoming the second state to do so after Indiana, due to concerns that the machines are frequently used by scammers to collect fraudulent payments. The move follows FBI reports that $333 million was lost to scams involving crypto ATMs, which lack the fraud protections found in traditional banking systems. While some operators argue they have safeguards in place, state governments are increasingly stepping in to restrict access to these machines to protect consumers.
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Tech Industry Cryptocurrency Tennessee bans crypto ATMs that have become 'payment portal of choice for scammers' — second state to restrict machines after Indiana News By Jowi Morales published 30 April 2026 This should make it harder for crypto scammers to take money from their victims. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Getty Images) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Governor Bill Lee of Tennessee just signed into law a bill that bans cryptocurrency ATMs in the state starting July 1, 2026.
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