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Techub News, according to CryptoBriefing, London-based institutional trading platform LMAX Group has launched the Kiosk platform, allowing institutional clients to deposit digital assets into custody and use them as collateral to trade asset classes such as foreign exchange, precious metals, and derivatives. The platform went live on May 12 and is available to its over 600 institutional clients. Unlike custodians that only support crypto transactions, the platform integrates deposit, withdrawal, and security management into a single interface, aiming to address the fragmentation of traditional collateral management.
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.
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