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2026-04-25 08:13:07 UTC

flash on Nostr: ⚡️🇺🇸 NEW - Tennessee has become the second U.S. state to ban cryptocurrency ...

⚡️🇺🇸 NEW - Tennessee has become the second U.S. state to ban cryptocurrency ATMs, making the possession or operation of such machines a criminal offense.

The law is expected to take effect in July.

In March, Indiana had already imposed a ban on the machines, which federal authorities have identified as a vehicle for fraud targeting seniors.

The FBI reported that Americans over the age of 60 lost $257 million to scams involving Bitcoin ATMs last year.

In total, Tennessee is home to 651 Bitcoin ATMs, the majority of which are concentrated around Nashville.