The ban on encrypted self-service machines in Tennessee, USA, will take effect on July 1.

CoinFeed reported on April 28th that, according to Cointelegraph, Tennessee Governor Bill Lee has signed HB2505, banning the use and installation of cryptocurrency self-service machines in the state starting July 1st. Operators and installation companies face up to 11 months and 29 days in jail and a $2,500 fine. The bill's sponsor stated that cryptocurrency self-service machines have become a channel for scammers to exploit Tennessee residents, especially the elderly. According to CoinATMRadar data, there are currently over 570 cryptocurrency self-service machines in the state, operated by companies including Bitcoin Depot and CoinFlip.