Minnesota state representative Erin Koegel introduced HF 3642 on February 23 to ban crypto kiosks statewide, a move supported by the Minnesota Department of Commerce. The measure would repeal the existing 2024 regulatory framework and substitute a full prohibition. The state’s data show about 70 complaints related to crypto kiosks last year, with reported losses totaling about $540,000. There are roughly 350 licensed kiosks currently in operation, run by eight to ten firms.
FBI IC3’s January 3, 2025 report indicates more than 12,000 Bitcoin ATM–related complaints were filed from January through November 2025, with losses exceeding $333.5 million, and the majority of those losses bearing on seniors aged 60 and older. Massachusetts Attorney General Andrea Joy Campbell accused Bitcoin Depot of knowingly facilitating crypto scams, asserting that between August 2023 and January 2025 more than half of the company’s kiosk-related funds in Massachusetts were tied to scams.
Globally, the crypto ATM market was estimated at about $356.7 million in 2025, and the United States operates more than 30,000 devices, representing about 88% of the global total.
If HF 3642 becomes law, Minnesota would be one of the first states to eliminate physical crypto kiosks in the United States.
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