The ATM ban is spreading, and the regulatory hammer has finally struck the cash channel.

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CoinNetwork
Cointelegraph reports that new regulations for cryptocurrency ATMs in the U.S. states of Tennessee and Georgia took effect on July 1. Tennessee has implemented a comprehensive ban, while Georgia requires transaction limits and reporting obligations. Indiana already enacted a ban in March, and Minnesota will enforce a similar ban on August 1. Before the ban took effect, Tennessee had about 185 crypto ATMs and kiosks operating. Governments in multiple states have taken action as incidents have become frequent in which scammers lure residents into making transfers via crypto ATMs; lawmakers in Delaware and New Jersey have also introduced similar comprehensive ban proposals.
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