Crypto ATM Bans and Restrictions in Tennessee and Georgia Take Effect

CoinFeed July 2 news, according to Cointelegraph, new regulations on cryptocurrency ATMs in Tennessee and Georgia, USA, took effect on July 1, with Tennessee implementing a full ban and Georgia requiring transaction limits and reporting obligations. Previously, Indiana had already implemented a ban in March, and Minnesota will enforce a similar ban on August 1. Before the ban took effect, there were about 185 crypto ATMs and kiosks operating in Tennessee. Multiple local governments have taken action due to frequent incidents where residents (especially the elderly) were induced by scammers to transfer funds through crypto ATMs, and lawmakers in Delaware and New Jersey have proposed similar comprehensive bans.