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Minnesota Lawmakers Propose Statewide Ban on Crypto ATMs Amid Surge in Elder Fraud Scams

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Minnesota lawmakers have introduced legislation that would impose a complete ban on cryptocurrency kiosks — commonly known as crypto ATMs or Bitcoin ATMs — across the state, marking one of the most aggressive regulatory moves against the machines in the United States as fraud complaints targeting elderly residents continue to rise.

House File 3642, sponsored by DFL Rep. Erin Koegel, co-chair of the House Commerce Finance and Policy Committee, was introduced February 23, 2026, and discussed in committee February 26. The bill prohibits anyone from “placing or operating a virtual currency kiosk” anywhere in Minnesota and would repeal the existing regulatory framework established in 2024, which included a $2,000 daily transaction limit for new customers, mandatory risk disclosures, a 72-hour cooling-off period and refund mechanisms for certain victims.

If passed, Minnesota would become one of the first — if not the first — U.S. states to enact a full statewide ban on physical crypto kiosks. The proposal follows testimony from local law enforcement and the Minnesota Department of Commerce highlighting a wave of scams, many involving “pig butchering” schemes where victims are tricked into transferring cash to kiosks for supposed cryptocurrency investments or emergencies.

Sergeant Jake Lanz of the St. Paul Police Department told the committee that crypto kiosks have become a primary tool for fraudsters, with cases often involving overseas actors draining savings from vulnerable older Minnesotans. One example cited during hearings involved an elderly victim losing $80,000 through repeated deposits at kiosks after being manipulated by scammers posing as trusted contacts. State officials reported millions in losses, with the elderly disproportionately affected.

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The Minnesota Department of Commerce has strongly endorsed the bill, planning to introduce broader consumer protection measures in coming days. The agency has argued that existing safeguards have proven insufficient against sophisticated fraud, and a ban is the most effective way to eliminate the vector.

Crypto kiosks allow users to insert cash and purchase digital assets like Bitcoin, with operators charging high fees — often 12-25% or more. Proponents of the ban say the machines enable irreversible, hard-to-trace transfers that scammers exploit, particularly in “grandparent scams” or romance frauds. Critics of the industry note that many victims are instructed to use kiosks to send funds quickly, believing they are helping a loved one or investing legitimately.

The proposal has drawn support from law enforcement and consumer advocates, including AARP Minnesota, which has highlighted the disproportionate impact on seniors. No major opposition testimony was reported during the initial hearing, though industry groups could mobilize as the bill advances.

Minnesota’s move fits into a broader national trend of tightening controls on crypto kiosks. In 2025, cities like Spokane, Washington, banned the machines locally, and states including California, Maine and Iowa imposed strict daily transaction limits (often $1,000) and fee caps. Vermont extended a moratorium on new kiosks through mid-2026. West Virginia advanced licensing and transaction-limit bills in February 2026, while Indiana considered a ban before weakening it to regulations.

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Nationwide, the Federal Trade Commission and FBI have warned of escalating crypto-related fraud, with losses in the billions annually. Crypto kiosks, numbering around 34,000 in the U.S., are concentrated in convenience stores, gas stations and malls, making them accessible but vulnerable to abuse.

Industry representatives argue bans go too far, potentially stifling legitimate use for remittances, unbanked populations or quick conversions. They contend education, better operator compliance and federal oversight — rather than outright prohibition — would address scams more effectively. Some point out that kiosks are regulated as money transmitters in many states, and fraud often stems from external scammers rather than the machines themselves.

The bill’s fate remains uncertain. It must advance through the House Commerce Finance and Policy Committee, then the full House and Senate before reaching Gov. Tim Walz. Minnesota’s legislative session runs through May 2026, giving time for amendments or compromises.

Supporters hope the measure will protect vulnerable residents and set a precedent for other states grappling with similar fraud spikes. Critics worry it could push activity underground or limit access to digital assets in a state with growing crypto interest.

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As hearings continue and public testimony mounts, Minnesota’s proposed ban highlights the tension between innovation in digital finance and consumer protection in an era of rising scams.

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Golden Heaven Group announces $18 million private placement and warrant amendment

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Golden Heaven Group announces $18 million private placement and warrant amendment

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Edible Economics by Ha-Joon Chang (Omnibus)

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Edible Economics by Ha-Joon Chang (Omnibus)

Available for 29 days

Professor Ha-Joon Chang is inspired by his passion for food to reflect on why economics matters – or, as he puts it, “a hungry economist explains the world”.

Omnibus of five episodes, where he zooms in on familiar foods:

* Garlic
* Bananas
* Okra
* Rye
* Chocolate

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He uses the histories behind each – where they come from, how they’re cooked and consumed and what they mean to different cultures – to explore economic theories.

Witty and thought-provoking, Professor Chang sets out to challenge ideas about the free-market economy which he believes have been too easily accepted for decades.

Read by Arthur Lee.

*** Professor Ha-Joon Chang teaches economics at SOAS University of London, and is one of the world’s leading economists. His books include Economics: The User’s Guide, Bad Samaritans and 23 Things They Don’t Tell You About Capitalism.

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*** Reader Arthur Lee is a British actor of Korean descent who made his international debut on HBO Cinemax’s Strike Back in 2015 and who recently appeared in Doctor Who. Arthur grew up mostly in London, but also spent several years in South Korea advancing his knowledge of Korean language and culture.

Abridged and produced by Elizabeth Burke

Executive Producer: Jo Rowntree

A Loftus Media production for BBC Radio 4, first broadcast in September 2022.

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Hackers hit Iranian apps, websites after US-Israeli strikes

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Hackers hit Iranian apps, websites after US-Israeli strikes


Hackers hit Iranian apps, websites after US-Israeli strikes

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Investors Brace for Oil Futures to Spike, Stocks to React

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Investors Brace for Oil Futures to Spike, Stocks to React

Investors Brace for Oil Futures to Spike, Stocks to React

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Trump says 48 leaders killed in strikes on Iran, Fox News interview

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Trump says 48 leaders killed in strikes on Iran, Fox News interview


Trump says 48 leaders killed in strikes on Iran, Fox News interview

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US military says three of its service members killed in Iran operation

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US military says three of its service members killed in Iran operation


US military says three of its service members killed in Iran operation

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Trump says Iran military operations are ’ahead of schedule,’ CNBC reports

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Trump says Iran military operations are ’ahead of schedule,’ CNBC reports


Trump says Iran military operations are ’ahead of schedule,’ CNBC reports

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T3 Defense Inc. appoints Menachem Shalom CEO under new consulting agreement

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T3 Defense Inc. appoints Menachem Shalom CEO under new consulting agreement

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Iranian Missile Strikes Damage Dubai’s Iconic Hotels

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A picture taken on January 24, 2022 shows Abu Dhabi, capital of the UAE which has come again under attack by Yemen's Huthi rebels

Iranian ballistic missiles and drones struck several high-profile sites in Dubai on February 28, 2026, damaging the landmark Burj Al Arab hotel, the Fairmont The Palm hotel on Palm Jumeirah, Dubai International Airport and other locations, as Tehran unleashed widespread retaliation following joint U.S.-Israeli airstrikes on Iran.

Dubai Hotel Attacked: Iranian Missile Strikes Damage Dubai's Iconic Hotels
Dubai Hotel Attacked: Iranian Missile Strikes Damage Dubai’s Iconic Hotels

The attacks marked an unprecedented escalation, spreading the conflict beyond military targets to civilian and economic hubs in the United Arab Emirates, one of the Gulf’s most stable and tourism-dependent economies. UAE authorities confirmed minor structural damage at Dubai International Airport (DXB), the world’s busiest for international passengers, with four people injured in a concourse incident quickly contained. A drone interception caused debris to spark a minor fire on the Burj Al Arab’s outer facade, the sail-shaped ultra-luxury hotel often called the world’s only “seven-star” property.

Social media videos verified by CNN, Reuters and other outlets showed thick black smoke rising from the Fairmont The Palm on the man-made Palm Jumeirah island after a missile or drone struck nearby, with explosions rattling the luxury resort area. Residents reported panic as flares lit the night sky and fires broke out near hotel entrances. Dubai’s media office confirmed a fire in the Palm Jumeirah zone injured four people, while Jebel Ali seaport also sustained damage.

The UAE Ministry of Defense stated Iran fired 137 missiles and 209 drones at the country, most intercepted by air defenses with high efficiency. Falling debris from interceptions caused the reported incidents, including the Burj Al Arab fire and airport damage. No fatalities were confirmed at the Dubai sites, though one person died earlier in Abu Dhabi from debris.

The strikes extended to other Gulf states hosting U.S. assets: Bahrain reported hits near the U.S. Fifth Fleet headquarters in Manama, Qatar intercepted projectiles over Doha, and explosions were heard in Kuwait and near Riyadh in Saudi Arabia. Jordan also faced incoming threats.

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Iran’s Islamic Revolutionary Guard Corps claimed the attacks targeted U.S. military installations across the region in response to “Operation Epic Fury,” the U.S.-Israeli campaign that began early February 28 with massive airstrikes on Iranian leadership compounds, IRGC bases and nuclear sites. President Donald Trump announced the operation, claiming Supreme Leader Ayatollah Ali Khamenei was killed — a claim Iranian state media denied, insisting he remained “commanding the field.”

Tehran condemned the initial U.S.-Israeli aggression as a “barbaric violation” of sovereignty and vowed continued retaliation. The IRGC described the Gulf strikes as proportionate responses to attacks on Iranian soil.

Dubai authorities suspended all flights at Dubai International and Al Maktoum airports until further notice, urging travelers to avoid the emirate. Major carriers including Emirates, flydubai, British Airways and IndiGo canceled or diverted Middle East routes. Jebel Ali seaport, one of the world’s busiest, reported operational disruptions.

Oil prices surged more than 15% on fears of prolonged conflict disrupting flows through the Strait of Hormuz, through which roughly 20% of global seaborne crude passes. Global equities opened lower, while safe-haven assets like gold rallied.

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The UAE’s foreign ministry condemned the attacks as “cowardly” and a “dangerous escalation,” reserving the right to respond. Saudi Arabia echoed the condemnation, denouncing violations against multiple Gulf nations and calling for international action.

The UAE-Saudi leadership held urgent talks, with Crown Prince Mohammed bin Salman expressing solidarity and offering support. Both urged restraint and diplomatic solutions to avert wider war.

Humanitarian concerns rose as strikes hit civilian-adjacent areas. Amnesty International called for protections, while the International Committee of the Red Cross prepared for potential casualties. Thousands of tourists and expatriates in Dubai sheltered in place amid air raid alerts and explosions.

The attacks underscore the conflict’s rapid regional spread, drawing in Gulf monarchies despite their efforts to remain neutral in U.S.-Iran tensions. Dubai’s role as a global financial and tourism hub makes it a high-value target, with damage to icons like Burj Al Arab and the airport threatening economic fallout.

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As sirens persisted and defenses remained active, the UAE emphasized stability and coordination with allies. The coming days will test whether diplomacy can contain the crisis or if further retaliation deepens the chaos.

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10 Milestones He Says Will Happen by 2030

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iPhone 18 Pro Max

Elon Musk, the billionaire CEO of Tesla, SpaceX, xAI and Neuralink, has made a series of ambitious forecasts about technology, society and humanity’s future, many targeting the end of this decade. In recent interviews, Davos panels and X posts through early 2026, Musk has outlined visions of artificial superintelligence, widespread robotics, extended human lifespans and economic abundance driven by AI and automation. While critics often note his timelines frequently slip, his predictions continue to shape discussions on the pace of innovation. Here are 10 key things Musk has predicted will be achieved or surpassed by 2030.

Tesla chief Elon Musk had planned the robotaxi launch for June 12, 2025, but pushed it back to ensure safety
AFP

1. AI Surpasses Combined Human Intelligence
Musk has repeatedly stated he is “confident” that by 2030 — or as early as 2029-2031 — artificial intelligence will exceed the collective intelligence of all humans on Earth. Speaking at Davos in January 2026, he said AI could become smarter than any single human by the end of 2026 or 2027, with superintelligence following shortly after. He views this as inevitable given exponential progress in models like those from xAI and others.

2. Billions of Humanoid Robots Transform Labor
Musk predicts billions of humanoid robots — primarily Tesla’s Optimus — will exist by 2030 or shortly after, saturating human needs and making work largely optional. He has said robots could outnumber people in beneficial scenarios, handling physical tasks from manufacturing to household chores. In 2026 remarks, he tied this to economic abundance where money becomes less relevant.

3. Robot Surgeons Outnumber Human Doctors
By 2030, Musk forecasts more Optimus robots performing high-quality surgery than all human surgeons combined. He argues robots will eliminate human error, provide consistent precision and make world-class care universally accessible, solving doctor shortages and time constraints.

4. Human Lifespans Extend Dramatically — Possibly Toward Immortality
Musk has aligned with views that AI-driven medicine will double lifespans or more by the early 2030s, potentially leading to effective immortality through biological fixes. He has echoed predictions that aging’s “biological clock” becomes solvable, enabling humans to live far longer than today.

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5. Work Becomes Optional, Money Less Relevant
In 10-20 years (placing significant change by 2030-2040), Musk predicts work will be like a hobby — optional, akin to playing sports or video games. With AI and robotics producing goods and services faster than money supply grows, he says retirement savings will matter less as abundance eliminates scarcity.

6. Unsupervised Full Self-Driving and Robotaxi Networks Widespread
Musk has claimed Tesla will achieve unsupervised Full Self-Driving (true autonomy without human intervention) and deploy widespread robotaxi fleets across the U.S. by the end of 2026, with massive scale-up through 2030. He envisions millions of autonomous Cybercabs and owner vehicles earning income as robotaxis.

7. Neuralink Implants in Over 1 Million People
Musk predicts Neuralink will augment more than 1 million humans by 2030, with combined input/output bit rates exceeding 1 megabit per second. He has said brain implants could replace smartphones, allowing thought-based messaging, device control and streaming by the end of the decade.

8. Starship Cargo Missions to Mars Begin
SpaceX plans uncrewed Starship cargo flights to Mars starting in 2030 for research, development and exploration, at costs around $100 million per metric ton. Musk has outlined scaling to support eventual human missions, though crewed landings are targeted later (possibly 2029-2031, with 2030s as a key buildup phase).

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9. Global Economy Experiences Unprecedented Abundance
Musk envisions an “explosion in the global economy beyond all precedent” by 2030 through ubiquitous cheap AI and robotics. He argues this will create a post-scarcity environment where goods, services and energy (via solar) become nearly free, rendering traditional economic worries obsolete.

10. Humanity Takes Major Steps Toward Multiplanetary Life
While full Mars colonization is longer-term, Musk sees 2030 as pivotal for infrastructure: frequent Starship launches, lunar base progress (prioritized before Mars), and cargo missions laying groundwork for self-sustaining cities. He has shifted some focus to the Moon but maintains Mars as the ultimate goal for species survival.

Musk’s timelines often face skepticism due to past delays (e.g., full self-driving, Optimus production). Yet his 2026 statements — from Davos to podcasts — consistently paint 2030 as a transformative horizon where AI, robotics and space travel converge to redefine human existence. Whether these predictions hold remains one of technology’s biggest open questions.

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