The Minnesota Legislature advances HF 3642 bill, proposing a comprehensive ban on the operation of cryptocurrency kiosks.

Techub News reports that the Minnesota Legislature is advancing the HF 3642 proposal, which seeks to legislatively prohibit the placement or operation of Virtual Currency Kiosks within the state. The bill has entered the deliberation process of the 94th Legislative Session (2025-2026) and proposes the repeal of multiple existing provisions in Chapter 53B of the 2024 Minnesota Statutes. These include regulatory requirements for kiosk operators, risk disclosure obligations, a $2,000 per transaction limit, and a 72-hour refund policy for new customers. If passed, existing cryptocurrency ATMs and related terminal equipment within Minnesota would face illegality.