Tennessee Bans Bitcoin ATMs

While dozens of states have passed laws regulating crypto ATMs, and more are in the process, Tennessee has banned them outright. Earlier this month, Tennessee Gov. Bill Lee signed a bill to law banning virtual currency kiosks. The bill targets both the operators of so-called bitcoin ATMs — which often sell multiple cryptocurrencies — and people on whose property they are housed. Frequently these are convenience stores, gas stations and malls. Tennessee House Bill 2505 makes it “an offense for a virtual currency kiosk operator or other person to knowingly install or allow installation of, permit, place, or otherwise operate a virtual currency kiosk in this state.” The law makes…