Bill introduced in Minnesota Legislature would ban crypto kiosks in effort to target scams | Crypto Craft

  • Bill introduced in Minnesota Legislature would ban crypto kiosks in effort to target scams

    From cbsnews.com

    A growing concern of cryptocurrency scams, many of them draining the savings of older Minnesotans, is fueling a push to prohibit crypto kiosks across the state. On Thursday, the Minnesota House Commerce Finance and Policy Committee's co-chair and DFL Rep. Erin Koegel introduced HF 3642. The bill would seek to prohibit currency kiosks, sometimes known as Bitcoin ATMs. The bill was laid out and discussed among lawmakers and law enforcement. Both parties signaled they want to curb scams tied to these machines. "We have heard from our law enforcement officials that they are a prime target who are looking to take ... (full story)

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