Tennessee completely bans crypto ATMs, cracking down on fraud and upgrading regulations.

robot
Abstract generation in progress
ME News, April 25 (UTC+8), Tennessee Governor Bill Lee has signed a bill banning cryptocurrency ATM operations statewide, making it the second state to implement a full ban after Indiana.
The bill (HB 2505) has taken effect and will be enforced starting July 1. Under the regulations, installing or operating a "virtual currency self-service terminal" (i.e., a Bitcoin ATM) will be considered a Class A misdemeanor, punishable by up to one year in prison and a $2,500 fine.
At the same time, merchants allowing the installation of such devices will also bear legal liability.
Currently, most U.S. states have strengthened oversight through licensing systems, transaction limits, and other measures, but full bans remain rare. Data shows that since 2026, 30 states have proposed related legislation, with 20 states having passed laws, indicating a continued tightening of controls over crypto ATM fraud risks. (Source: ODAILY)
BTC1.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned