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Minnesota Bill HF 3642 Seeks Statewide Shutdown of 350 Bitcoin ATMs After 2025 Elder Fraud Losses
On 23 February 2026, Minnesota Representative Erin Koegel introduced HF 3642, a bill that would prohibit all physical cryptocurrency kiosks in the state and close about 350 licensed Bitcoin ATMs. The proposal follows reported losses of roughly $540,000 from 70 kiosk-related complaints in 2025, mostly involving scams targeting seniors, and would repeal earlier 2024 safeguards viewed as ineffective.