Tennessee Becomes Second State to Outlaw Bitcoin, Crypto ATMs

Decrypt04-24 20:41

In brief Tennessee has become the second U.S. state to impose a sweeping ban on Bitcoin ATMs, which is set to take effect in July. In March, Indiana imposed a ban on the machines, which federal ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2630827782?lang=en_US&edition=fundamental","thumbnail":"https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/07/shutterstock_1261474762-gID_7.jpg@webp","is_english":true,"pubTime":"2026-04-24 20:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2630827782","market":"nz","top_or_hot":-1,"title":"Tennessee Becomes Second State to Outlaw Bitcoin, Crypto ATMs","media":"Decrypt","content":"<div>\n<p>In brief\nTennessee has become the second U.S. state to impose a sweeping ban on Bitcoin ATMs, which is set to take effect in July.\nIn March, Indiana imposed a ban on the machines, which federal ...</p>\n\n<a href=\"https://decrypt.co//365502/tennessee-second-state-outlaw-bitcoin-crypto-atms\">Source Link</a>\n\n</div>\n","source":"decrypt_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tennessee Becomes Second State to Outlaw Bitcoin, Crypto ATMs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTennessee Becomes Second State to Outlaw Bitcoin, Crypto ATMs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-24 20:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://decrypt.co//365502/tennessee-second-state-outlaw-bitcoin-crypto-atms><strong>Decrypt</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In brief\nTennessee has become the second U.S. state to impose a sweeping ban on Bitcoin ATMs, which is set to take effect in July.\nIn March, Indiana imposed a ban on the machines, which federal ...</p>\n\n<a href=\"https://decrypt.co//365502/tennessee-second-state-outlaw-bitcoin-crypto-atms\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITO","symbol_name":"比特币期货ETF-ProShares","start_time":0,"source_url":"https://decrypt.co//365502/tennessee-second-state-outlaw-bitcoin-crypto-atms","article_id":"2630827782","we_media_id":null,"thumbnails":["https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/07/shutterstock_1261474762-gID_7.jpg@webp"],"rights":{"source":"decrypt_highlight","url":"https://decrypt.co//365502/tennessee-second-state-outlaw-bitcoin-crypto-atms","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2630827782","pubTimestamp":1777034473,"columns":[],"sourceInfo":{"source_id":"decrypt_highlight","name":"Decrypt"},"weMediaInfo":null,"summary":"Tennessee has become the second U.S. state to outlaw Bitcoin and crypto ATMs, making it a criminal offense to own or operate the machines.","collect":0,"end_time":0,"defaultTopTitle":"decrypt.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITO":"比特币期货ETF-ProShares","BTC":"Grayscale Bitcoin Mini Trust","BITX":"2倍比特币期货ETF-Volatility Shares","IBIT":"比特币ETF-iShares"},"translate_title":"田纳西州成为第二个禁止比特币和加密ATM的州","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":0.6,"IBIT":0.6,"BITX":0.6,"BITO":0.6},"content_text":"In brief\nTennessee has become the second U.S. state to impose a sweeping ban on Bitcoin ATMs, which is set to take effect in July.\nIn March, Indiana imposed a ban on the machines, which federal authorities have identified as a vector committing fraud against the elderly.\nThe FBI reported that Americans aged over 60 lost $257 million to scams involving Bitcoin ATMs last year.\nTennessee has become the second U.S. state to outlaw Bitcoin ATMs, making it a criminal offense in the Volunteer State to own or operate the machines that federal authorities have identified as a vector committing fraud against the elderly.Whether operators’ kiosks allow customers to purchase Bitcoin or other digital assets with cash, they have until July 1 to pull the plug under House Bill 2505, which Tennessee Governor Bill Lee signed into law on April 13 following the legislation’s introduction earlier this year.The legislation was co-sponsored by Republican state representatives Cameron Sexton and Jay Reedy. In a March statement, Sexton said the kiosks “have become a gateway for scammers to exploit Tennesseans, especially our seniors.”Sexton noted that victims defrauded while using Bitcoin ATMs often have little hope of recovering their money once it’s gone. That was around the time that local authorities warned of a scam where victims had lost $4 million to overseas scammers posing as law enforcement.Reedy, a certified master beef producer, said “Crypto ATMs have given scammers a fast and easy way to target our citizens and scare them into draining their savings.”The two-page bill, which was introduced in February, classifies violations as a Class A misdemeanor, on par in Tennessee with simple drug possession and domestic assault.In total, Tennessee hosts 651 Bitcoin ATMs, with a majority of them clustered around Nashville, the state’s most populous city and capital, according to Coin ATM Radar. The locations range from gas stations and smoke shops to liquor stores.According to FBI numbers released this month, Americans aged over 60 lost $257 million to scams involving Bitcoin ATMs last year, a 58% increase year-over-year. Citizens under 30, for comparison, lost $6.6 million to that type of scam in 2025.In March, Indiana became the first U.S. state to impose a sweeping ban on Bitcoin ATMs, per WLFI. The publication cited one law enforcement official who said, “The number of reports has doubled each year for the last four years.”Amid an uptick in scams, several states have passed legislation imposing transaction limits and mandating refunds for victims. In Minnesota, lawmakers are weighing legislation that would follow Tennessee’s lead and ban Bitcoin ATMs across the state.Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2630827782","isCrawlerRequest":true}