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Minnesota limits crypto ATMs amid scam rise
Minnesota is banning publicly accessible crypto ATMs due to increased scams that have caused nearly $1 million in losses, particularly affecting older adults. Despite previous safeguards, scammers have adapted, leading the state to remove these machines by the end of the year, aiming to reduce fast, irreversible crypto transactions exploited by fraudsters. The ban aims to slow the flow of scam-related losses, while online platform use remains permitted.
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