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Tennessee becomes second state to ban cryptocurrency ATMs over scam concerns

ID: d1bdedb1-b009-5082-ad55-258a0065278f

STIX ID: report--d1bdedb1-b009-5082-ad55-258a0065278f

Feed Name: The Record from Recorded Future News

Threat Score
55/100

Date Published: 2026-04-27

Date Updated: 2026-05-01

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Tennessee enacted a ban on cryptocurrency ATMs effective July 1 after law enforcement and state investigations found kiosks are frequently used by scammers to convert victims' cash into cryptocurrency; the FBI reported 13,460 related complaints in 2025 totaling $389 million in losses, and multiple states have sued major kiosk operators alleging facilitation of scams.

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