How to Safely Buy Crypto in Minnesota (Without ATMs)
Share:
On August 1, 2026 Minnesota banned crypto kiosks—ATM-style machines widely used in scams—and simultaneously authorized banks and credit unions to custody crypto for customers. The law aims to close a kiosk-enabled fraud vector while creating a regulated on-ramp and custody option that should improve retail safety, boost adoption and custody demand, and reshape local compliance for CEXs, DEXs and DeFi access.
Predictions Markets
See what traders are focused on
Starting August 1, 2026, Minnesota is changing the way people can buy and store crypto. Crypto kiosks, the ATM-style machines found in gas stations and convenience stores, are now banned. At the same time, a new law lets Minnesota banks and credit unions hold crypto for their customers.
These two changes happened on purpose. The state wants to shut down a tool scammers loved, while opening a safer, regulated path for everyday people who still want to buy crypto.
Why Minnesota Banned Crypto Kiosks
Crypto kiosks look like regular ATMs, but instead of giving you cash, they turn your cash into cryptocurrency. Scammers used them constantly.
Here’s the usual trick: a scammer calls or emails you, claiming your bank account is hacked, you owe back taxes, or a family member is in trouble and needs bail money. They create panic, then tell you to rush to a nearby kiosk and fee…
Read The Full Article How to Safely Buy Crypto in Minnesota (Without ATMs) On Coin Edition.
In This News
Coins
$ 1.64
-0.08%Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 1.64
-0.08%Predictions Markets
See what traders are focused on
Share:
Read More
Crypto ETFs Post $250M Outflow as Bitcoin Funds Reverse Course
