‘Tools for scammers’- Tennessee’s crypto ATM ban hits record 10K uninstallations
The post ‘Tools for scammers’- Tennessee’s crypto ATM ban hits record 10K uninstallations appeared on BitcoinEthereumNews.com. Crypto ATM operator CoinFlip has suffered another blow in Tennessee. In a recent statement, Tennessee Attorney General Jonathan Skrmetti confirmed that the ban on crypto ATMs will go into effect. This move followed a failed attempt by CoinFlip and the broader crypto ATM sector to block the ban after a federal court sided with Tennessee. For AG Skrmetti, cryptocurrency ATMs are “tools for scammers” and “benefit fraudsters” more than citizens. The General Assembly recognized that these machines benefit fraudsters at the expense of everyday citizens, and the Court recognized the strong public interest in allowing this law to take effect while the case proceeds. Under Tennessee law, Public Chapter 766 classifies the operation of crypto kiosks or crypto ATMs knowingly as a Class A misdemeanor. Will the crypto ATM crackdown affect adoption? The state moved to ban