Key facts
- Arizona enacted a crypto ATM law in September 2025.
- Arizona's law has helped 35 victims recover $171,332.
- Arizona's law requires crypto ATM operators to refund eligible customers within 30 days of notification.
Arizona's new crypto ATM law has helped 35 victims recover over $171,000 in fraudulent transactions. The law, effective since September 2025, requires operators to refund eligible customers within 30 days of a scam report. Meanwhile, Hawaii is banning crypto ATMs entirely, citing over $80 million lost by residents to digital asset scams. This follows similar bans in Minnesota, Tennessee, and Indiana.
Arizona has seen success with its cryptocurrency ATM law, enacted in September 2025, which has already assisted 35 victims in recovering $171,332. The legislation mandates that crypto kiosk operators provide refunds to eligible new customers who fall victim to fraudulent transactions. This refund must be processed within 30 days of the operator and law enforcement being notified of the scam.
In contrast, Hawaii is taking a more stringent approach by banning cryptocurrency ATMs and kiosks altogether, with the ban set to take effect on October 1. This decision comes after residents reported substantial losses totaling over $80 million due to digital asset scams. Hawaii's move aligns with similar prohibitions enacted in Minnesota, Tennessee, and Indiana, reflecting a growing concern among states regarding the risks associated with cryptocurrency kiosks and potential for illicit activities.
The differing state approaches highlight a developing regulatory landscape for cryptocurrency ATMs. Arizona's law focuses on consumer protection and recourse for victims, aiming to mitigate losses through mandated refunds. Hawaii's ban, however, prioritizes eliminating the perceived threat by removing the infrastructure entirely, driven by significant reported financial harm to its residents. The trend of states enacting either protective legislation or outright bans indicates a broader debate on how to manage the proliferation of crypto ATMs and their associated risks.
Arizona has seen success with its cryptocurrency ATM law, enacted in September 2025, which has already assisted 35 victims in recovering $171,332. The legislation mandates that crypto kiosk operators provide refunds to eligible new customers who fall victim to fraudulent transactions. This refund must be processed within 30 days of the operator and law enforcement being notified of the scam.