The post Minnesota Moves to Fully Ban Crypto ATMs With New 2025 House Bill appeared on BitcoinEthereumNews.com.

TLDR: Minnesota HF3642 would make it illegal for anyone to place or operate a crypto ATM in the state. The bill repeals Sections 53B.70–53B.75, erasing all existing kiosk licensing and compliance rules. New customers currently get full fraud refunds within 72 hours — a protection the ban would eliminate. Minnesota could become one of the first U.S. states to outright ban virtual currency kiosks entirely. Virtual currency kiosks in Minnesota face a complete ban under proposed legislation introduced in the 2025–2026 session. House File 3642 targets all crypto ATM operations in the state. The bill would prohibit any person from placing or operating a virtual currency kiosk in Minnesota. It also seeks to repeal existing statutes that currently govern kiosk licensing, disclosures, transaction limits, refunds, and compliance requirements. This move marks a dramatic policy shift for the state. What the Bill Proposes Minnesota HF3642 introduces a straightforward and sweeping prohibition. Under the proposed Section 53B.691, no person may place or operate a virtual currency kiosk anywhere in Minnesota. The language of the bill leaves no room for exceptions or conditional approvals. The bill also adds a new subdivision to Section 53B.69 to define terms specifically for the prohibition. This addition provides the legal framework needed to enforce the new ban effectively. It connects existing definitions in state law to the incoming restriction. Beyond the ban itself, the legislation proposes a full repealer of Sections 53B.70 through 53B.75. These sections currently regulate kiosk operators through licensing, consumer disclosures, and transaction limits. Their removal would erase the entire regulatory structure that governs crypto ATMs in the state today. What Current Law Requires of Kiosk Operators Under existing Minnesota statutes, virtual currency kiosk operators must follow strict disclosure rules. Before any transaction, operators must display all material risks on the kiosk screen for…

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Filed under: News - @ February 27, 2026 11:19 pm