Tennessee imposes a complete ban on crypto ATMs, escalating regulatory efforts to combat fraud
According to Odaily, Tennessee Governor Bill Lee has signed a bill banning the operation of cryptocurrency ATMs statewide, making it 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. According to the regulations, installing or operating a "virtual currency kiosk" (i.e., Bitcoin ATM) will be considered a Class A misdemeanor, punishable by up to one year in jail and a $2,500 fine. Additionally, merchants allowing such devices on their premises will also bear legal responsibility.
Currently, most U.S. states have strengthened regulation through licensing regimes and transaction limits, but outright bans remain rare. Data shows that since 2026, 30 states have proposed related legislation, with 20 having passed laws, indicating a continued tightening on crypto ATM scam risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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