#coinflip

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

The post Tennessee Crypto ATM Ban Takes Effect After Federal Court Rejects Emergency Challenge appeared on BitcoinEthereumNews.com. Key Takeaways A federal court denied an emergency request to block Tennessee’s cryptocurrency ATM ban before its July 1 effective date. Public Chapter 766 remains enforceable while constitutional challenges from CoinFlip and Private IT Corporation move forward. The court found public interest favored enforcement, although plaintiffs showed the law would cause economic harm. Why Did Tennessee’s Cryptocurrency ATM Ban Survive Its First Legal Test? A federal court declined to halt Tennessee’s cryptocurrency ATM ban before it took effect, Attorney General Jonathan Skrmetti announced July 7. The ruling followed a lawsuit by GPD Holdings, LLC, operating as Coinflip, and Charles Wernicke, CEO of Private IT Corporation. The plaintiffs sought a temporary restraining order blocking Public Chapter 766 before its July 1 implementation. The court found the plaintiffs f

A federal court has allowed Tennessee’s ban on cryptocurrency ATMs to take effect while a constitutional lawsuit continues, giving the state an early legal win in its anti-fraud push. Why Did Tennessee’s Cryptocurrency ATM Ban Survive Its First Legal Test? A federal court declined to halt Tennessee’s cryptocurrency ATM ban before it took effect, Attorney […]