Tennessee completely bans crypto ATMs, escalates crackdown on fraud with upgraded regulation.

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ME News, April 25 (UTC+8), Tennessee Governor Bill Lee has signed a bill banning cryptocurrency ATM operations statewide, making Tennessee the second state after Indiana to implement a comprehensive ban. The bill (HB 2505) has taken effect and will be enforced starting July 1. Under the provisions, installing or operating a "virtual currency self-service terminal" (i.e., Bitcoin ATM) will be considered a Class A misdemeanor, punishable by up to one year in prison and a fine of $2,500. Additionally, merchants allowing such equipment on their premises will also be held legally liable. Currently, most U.S. states have strengthened regulation through licensing systems and transaction limits, but comprehensive bans remain rare. Data shows that since 2026, 30 states have proposed related legislation, with 20 states having passed laws, reflecting a continued tightening of oversight on crypto ATM fraud risks. (Source: ODAILY)
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