[Tennessee Implements Comprehensive Ban on Crypto ATMs, Strengthens Fraud Regulation] Odaily Planet Daily News: Tennessee Governor Bill Lee has signed a bill banning cryptocurrency ATM operations statewide, making it the second state after Indiana to implement a comprehensive ban. The bill (HB 2505) has officially taken effect and will be enforced starting July 1. According to the provisions, installing or operating a 'virtual currency kiosk' (i.e., Bitcoin ATM) will be considered a Class A misdemeanor, punishable by up to one year in jail and a $2,500 fine. Additionally, merchants allowing such devices on their premises will also bear legal responsibility. Currently, most U.S. states have strengthened regulations through measures such as licensing systems and transaction limits, but outright bans remain rare. Data shows that since 2026, 30 states have introduced related legislation, with 20 states having passed laws, reflecting a tightening stance on the risks of crypto ATM fraud.