In the United States, Tennessee Governor Bill Lee has signed House Bill 2505 into law, banning cryptocurrency ATMs and kiosks effective July 1, 2026. The updated law classifies the installation of these machines as a Class A misdemeanor, punishable by incarceration for a term not to exceed 11 months and 29 days, and by a fine not to exceed $2,500.
The move directly impacts a network of more than 570 kiosks currently operating in the state, including those run by major providers such as CoinFlip and Bitcoin Depot.
Notably, lawmakers cited fraud prevention as the primary driver. House Speaker Cameron Sexton emphasized that these machines have increasingly been used to exploit vulnerable populations, particularly older residents.
