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Minnesota's ban on crypto ATMs goes into effect after citizens report losing nearly $1 million in scams

Minnesota’s ban on cryptocurrency ATMs took effect Saturday after state officials said residents had reported losing nearly $1 million in scams involving the machines since 2023.Democratic Gov. Tim Walz signed legislation May 4 banning the installation of crypto ATMs, also known as kiosks, which are commonly found at gas stations and convenience stores. Existing machines must be removed from the state by Dec. 31.The ATMs were being used by criminals to disproportionately target seniors, according to state officials.Scammers often impersonate law enforcement officers and pressure elderly victim...