Tennessee enacts crypto ATM ban as Georgia tightens kiosk rules

Tennessee's full ban on crypto ATMs took effect July 1, while Georgia introduced transaction caps, mandatory warnings, and fraud-refund requirements. The moves follow San Antonio's July 1 ordinance mandating bilingual fraud warnings at all 193 local kiosks after 660 scam reports and $39 million in losses from 2024 to 2026. Broader state-level pressure is mounting, with Indiana and Minnesota enacting bans and Bitcoin Depot filing for Chapter 11 in May after revenue dropped 50% year-over-year, signaling rising compliance costs and shrinking retail access points for Bitcoin purchases.