
PANews April 28 news, according to Cointelegraph, Tennessee Governor Bill Lee has signed HB2505, which will prohibit the use and installation of cryptocurrency self-service machines in the state starting July 1. Operators and installation companies face up to 11 months and 29 days in jail and a $2,500 fine. The bill's sponsors stated that cryptocurrency self-service machines have become a channel for scammers to exploit Tennessee residents, especially the elderly.
According to CoinATMRadar data, there are currently over 570 cryptocurrency self-service machines in the state, with operators including Bitcoin Depot and CoinFlip.
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