Tennessee fully bans crypto ATMs, while Georgia's transaction restriction measures have taken effect

Odaily Planet Daily News New cryptocurrency ATM regulations in the U.S. states of Tennessee and Georgia took effect on July 1. Tennessee implemented a complete ban, while Georgia imposed transaction limits and reporting requirements. Previously, Indiana had enacted a ban in March, and Minnesota will enforce a similar ban on August 1. Tennessee had approximately 185 crypto ATMs and kiosks in operation before the ban took effect. Multiple state governments have taken action following frequent incidents where residents, particularly the elderly, were defrauded by scammers into transferring funds via crypto ATMs. Lawmakers in Delaware and New Jersey have already proposed similar comprehensive ban bills.