Minnesota banned crypto kiosks on May 5, 2026, becoming the third US state to do so after Tennessee and Indiana. Between 2023 and 2025, over 100 complaints were filed with the Minnesota Department of Commerce, with total losses approaching $1 million, including one 80-year-old victim who lost $80,000. Scammers used various tactics: fake emergencies, government official impersonation, and romance schemes. The machines must cease operations by August 1, 2026 and be physically removed by December 31, 2026. Despite a regulatory framework introduced in 2024 requiring on-screen warnings and daily transaction limits, authorities deemed these measures insufficient.
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