ME News: On April 25 (UTC+8), Tennessee Governor Bill Lee signed a bill that bans cryptocurrency ATM operations statewide, making Tennessee the second state after Indiana to implement a comprehensive ban.



The bill (HB 2505) has officially 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 treated as a Class A misdemeanor, with penalties of up to one year in prison and a $2,500 fine. At the same time, merchants that allow the devices to be installed on their premises will also be held legally responsible.

Currently, most U.S. states have strengthened oversight through licensing systems and transaction limits, but comprehensive bans are still rare. Data shows that since 2026, 30 states have proposed related legislation, and 20 states have already passed laws, indicating a continued tightening of measures against crypto ATM fraud risks. (Source: ODAILY)
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Tennessee fully bans crypto ATMs, escalates crackdown on fraud regulation.
Tennessee Governor signs HB 2505, completely banning the operation of cryptocurrency ATMs within the state, effective July 1. Installing or operating Bitcoin self-service kiosks will be considered a Class A misdemeanor, punishable by up to 1 year in prison and a $2,500 fine, and merchants will also bear legal liability. Currently, many U.S. states regulate through licensing and caps; since 2026, 30 states have proposed relevant legislation, 20 have passed it, and regulation is tightening.
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