Tennessee Bans Crypto ATMs Entirely, Georgia’s Transaction Restrictions Take Effect

Odaily News: New regulations on cryptocurrency ATMs in the U.S. states of Tennessee and Georgia took effect on July 1. Tennessee has implemented a complete ban, while Georgia requires transaction limits and reporting obligations. Previously, Indiana enacted a ban in March, and Minnesota will enforce a similar ban on August 1. Before the ban took effect, there were approximately 185 crypto ATMs and kiosks operating in Tennessee. Multiple local governments have taken action due to frequent incidents where residents, particularly the elderly, have been defrauded by scammers into transferring funds via crypto ATMs. Lawmakers in Delaware and New Jersey have also proposed similar comprehensive ban bills.