The states of Delaware and New Jersey are advancing to ban bitcoin ATMs

[Oshosondy]

States that have banned crypto ATMs in the United States are Indiana, Tennessee, and Minnesota.

I can still remember that we discussed about Tennessee ban of crypto ATMs few months ago on this forum. The states of Delaware and New Jersey are advancing legislation to comprehensively ban the installation and operation of Crypto ATM devices, citing the same reasons, that the devices are widely used for fraudulent activities.

https://www.rootdata.com/news/667054

If they or any of the two states later ban crypto ATMs, I will post about it on this thread and add it to this lists. I will later edit this thread topic title to "list of states that have banned crypto ATMs to avoid posting more topics about it".

[Dunamisx]

If they are making a decision to band bitcoin ATM, I will not oppose their plight towards this, as long as this decision does not affect Bitcoin or being banned for their citizens.

I don't see many people having interest in the use of Bitcoin ATM already, everything about it does not serve a good presentation on our privacy not to mention the challenges we have when it comes to locating one or even affording to make a transaction on the ATM because of the fees they charge.

[SamReomo]

The states of Delaware and New Jersey are advancing legislation to comprehensively ban the installation and operation of Crypto ATM devices, citing the same reasons, that the devices are widely used for fraudulent activities.

They're not doing a good job, it's strange that they said that such ATM's are used for fraudulent activities, I believe the administration should rethink about such ATMs. Banning of crypto ATM's isn't going to be much helpful, but when a decision a taken by a state's government then who can say a thing.

[Charles-Tim]

I don't see many people having interest in the use of Bitcoin ATM already, everything about it does not serve a good presentation on our privacy not to mention the challenges we have when it comes to locating one or even affording to make a transaction on the ATM because of the fees they charge.

It is because of the country you are from. You are either from a country that has no bitcoin ATMs or a country that have just one or two or very few bitcoin ATMs.

You can compare the bitcoin ATMs in your country to the bitcoin ATMs in the United States: https://coinatmradar.com/countries/

Although, I do not see it affect bitcoin because bitcoin can exist without the existence of bitcoin ATMs.

[Joy_learns_crypto]

They are citing the same reason of fraudulent activities, do they insinuate that if it’s out of their control then it is used for fraudulent activities.
I don’t think Delaware or new jersey has made any bitcoin strides ever so if they ban bitcoin atms it won’t be shocking to me but give a resplendent reason than it can be used for Fraudulent activities.

[Davidvictorson]

Yes, I remember that we discussed this sometime back. I want to believe that this ban is just temporarily until the states can figure out how to curb the fraud being carried out through the bitcoin ATM. Until the  structural issue that has made fraud through crypto ATMs  to be attractive is addressed through stronger KYC requirements or transaction limits, states have little incentive to lift the bans.

[Hazink]

If they are making a decision to band bitcoin ATM, I will not oppose their plight towards this, as long as this decision does not affect Bitcoin or being banned for their citizens.

I don't see many people having interest in the use of Bitcoin ATM already, everything about it does not serve a good presentation on our privacy not to mention the challenges we have when it comes to locating one or even affording to make a transaction on the ATM because of the fees they charge.

Bitcoin ATM fees are atrocious, but some still consider it to be the best way of buying bitcoin, as they don't have to undergo the stress of verifying a centralised exchange and card just to buy bitcoin, and they consider the ATM the fastest even when they charge too high, and some are able to use fake numbers to pass some of the verification and somehow don't get captured by the camp so they believe is also part of protection their privacy to those who are using if it's helpful and worth it to them.

[BlackHatCoiner]

Honestly, what is the advantage of using a Bitcoin ATM? Since all of them are subjected to KYC compliance rules, and require you to give them information when it exceeds a certain amount (like $500), what's the point of paying a premium to an ATM for BTC when you can get it cheaper by going into a CEX or DEX?

This idea was fantastic until they were legally required to treat everyone a criminal.

[Cryptomultiplier]

If they are making a decision to band bitcoin ATM, I will not oppose their plight towards this, as long as this decision does not affect Bitcoin or being banned for their citizens.

I don't see many people having interest in the use of Bitcoin ATM already, everything about it does not serve a good presentation on our privacy not to mention the challenges we have when it comes to locating one or even affording to make a transaction on the ATM because of the fees they charge.

Bitcoin ATM fees are atrocious, but some still consider it to be the best way of buying bitcoin, as they don't have to undergo the stress of verifying a centralised exchange and card just to buy bitcoin, and they consider the ATM the fastest even when they charge too high, and some are able to use fake numbers to pass some of the verification and somehow don't get captured by the camp so they believe is also part of protection their privacy to those who are using if it's helpful and worth it to them.

Am quite surprised that the U.S who opted to own a reserve crypto currencies bank and instituted the use of cryptocurrency and Bitcoin in particular is now seeing the use of Bitcoin ATM as a no-go approach to owning Bitcoin.
Am sure this is no more than a concern of fraudulent activity leading to losses and the outrageous amount on fees that it cost to actually use these ATM machines to purchase Bitcoin.

It makes sense to keep this thread active and updated on more states that would enact this ban on Bitcoin ATM, because am sure the list would still contain more states filling for same bill through their various legislative committees.

[CryptoHeadlineNews]

States that have banned crypto ATMs in the United States are Indiana, Tennessee, and Minnesota.

I can still remember that we discussed about Tennessee ban of crypto ATMs few months ago on this forum. The states of Delaware and New Jersey are advancing legislation to comprehensively ban the installation and operation of Crypto ATM devices, citing the same reasons, that the devices are widely used for fraudulent activities.

https://www.rootdata.com/news/667054

If they or any of the two states later ban crypto ATMs, I will post about it on this thread and add it to this lists. I will later edit this thread topic title to "list of states that have banned crypto ATMs to avoid posting more topics about it".

Bitcoin being an asset which government do not have control over it's daily transactions. I knew that someday there will be a plan by  government to start framing news which will be used as an allegation to ban its operations in certain regions gradually. Yet one thing government needs to understand is the fact that before Bitcoin came into existence, the issues about fraud still existed. And outrightly banning Bitcoin ATM won't stop the issues about fraud. As it would have been far more better if this was regulated, whereby government receive a certain percentage for all transactions made on the Bitcoin ATM machine.

However, inasmuch as  people are still able to buy and sell Bitcoin online, without restrictions by the government. But only a ban on its physical ATM. Then, It's very okay for me.

[Donk1]

I don't see many people having interest in the use of Bitcoin ATM already, everything about it does not serve a good presentation on our privacy not to mention the challenges we have when it comes to locating one or even affording to make a transaction on the ATM because of the fees they charge.

the fact that bitcoin ATM machines are being banned because of fraudulent activities, it would certainly not affect bitcoin in anyway because we are looking at a big disadvantage to the public not bitcoin. This indeed signify the insecurities of having ATM machines basically true talk bitcoin is supposed to be private....

so yeah while it wouldn't affect bitcoin in anyway still if banning means protecting the few user's who make use of it not to lose their money then this is definitely considered the right thing to do. That's just it...

[promise444c5]

Alright.. same complaint as others. It’s fine though at least they can rule out “Bitcoin is being used as Scam through its ATM “  even though it’s not the best solution,

Sending from ATM to a scammer would likely be CEX to self-custody unless it doesn’t require KYC, aggressive decisions when it comes to BTC , it won’t won’t solve anything.. best solution would likely  be banning usage of Devices (like PC , Mobile phones..) but that will be too hash isn’t it?

Just wondering if that’s the only way people get scammed in those States.. what about the scam coins created by Celeb, public figures and even politicians.

[AVE5]

I can still remember that we discussed about Tennessee ban of crypto ATMs few months ago on this forum. The states of Delaware and New Jersey are advancing legislation to comprehensively ban the installation and operation of Crypto ATM devices, citing the same reasons, that the devices are widely used for fraudulent activities.

They can go ahead with the bitcoin Atm bans but as long they're not instituting stricter policies that're to restrict the masses from using bitcoin the adoption atmosphere will still be convenience to friendly encourage the adoption.
After all the digital finance transactions can be facilitated and pdevices d with our personal devices which the privacy service even strengthens the security while the exposure of the Atm user' may set them at risks to the public.
At least the cause of the authorities actions of the Atm bans seems genuine by preventing fraudulent activities being executed through the machines. And perhaps the action is better than does governments restricting bitcoins in their territories.