Minnesota Bans Crypto Kiosks to Protect Seniors

Minnesota Bans Cryptocurrency Kiosks: Lawmakers Crack Down on Scams Targeting Seniors Minnesota lawmakers have passed bills to ban cryptocurrency kiosks statewide, citing them as a magnet for scammers preying on seniors. These kiosks, often found in gas stations and stores, have been used to trick people into loading cash for phony debts. Since 2022, cities like Faribault, Apple Valley, and Minneapolis have seen significant losses, with the average hit per scam being $6,700. Despite rules like two-thousand-dollar deposit caps for new users, scams have continued. The bills, which set an unplug date for August 1st and full removal by December 31st, aim to protect vulnerable elders on fixed incomes from these cash-to-crypto traps. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a1b47a47c4828f69