Georgia introduced transaction caps and reporting rules on July 1, while more states move to curb crypto ATMs amid a rise in scam cases.
Crypto ATMs are being removed across the United States as Tennessee’s ban took effect on July 1 and other states tightened restrictions on the cash-to-crypto kiosks. Georgia also implemented new rules on July 1 requiring transaction limits and reporting obligations, while Indiana enacted a ban in March and Minnesota is set to implement a similar ban on Aug. 1. Lawmakers in Delaware and New Jersey have also proposed comparable measures as scrutiny of the machines grows amid rising scam cases, particularly those involving elderly residents.