The ban on cryptocurrency self-service terminals in Tennessee will take effect on July 1
Tennessee Governor Bill Lee has signed a bill that officially becomes law, banning the use and installation of cryptocurrency ATMs and kiosks in Tennessee, located in the southeastern United States. Companies have only a few weeks left to comply.
Lee signed Tennessee House Bill 2505 on April 13, which stipulates that starting July 1, the installation of cryptocurrency kiosks will be classified as a Class A misdemeanor. Under state law, such devices are reclassified as illegal, potentially exposing operators and businesses providing the equipment locations to a maximum of 11 months and 29 days in jail and a $2,500 fine.
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