Post
Topic
Board Legal
Re: Bitcoin ATMs Effectively Banned in Maine
by
yhiaali3
on 30/07/2025, 19:46:08 UTC
The article, according to the link, does not discuss Bitcoin ATMs, but rather check cashers, cash machines, and virtual currency kiosks.
Quote
Be enacted by the People of the State of Maine as follows:
Sec. 1. 32 MRSA c. 80, headnote is amended to read:
CHAPTER 80
CHECK CASHERS AND, CASH-DISPENSING MACHINES AND VIRTUAL
CURRENCY KIOSKS
I think that virtual currency kiosks are different from Bitcoin ATMs because the article discusses fraud cases that users, especially the elderly, have been exposed to at virtual currency kiosks. Their operation differs from that of Bitcoin ATMs, which operate automatically.
Quote
Whereas, a recent report from the Federal Bureau of Investigation states, in 2024, that
there were 2,137 complaints related to cryptocurrency fraud in Maine resulting in more
than $31 million in losses; and
Whereas, this legislation regulates virtual currency kiosks, which have been
identified by state regulators as a tool used to perpetrate scams against Maine consumers,
especially Maine's senior residents; and
Whereas, this legislation must take effect immediately to protect Maine consumers
from cryptocurrency fraud

Therefore, I do not expect the ban to relate to Bitcoin ATMs.