The St. Paul City Council has voted to ban cryptocurrency kiosks in the city beginning Dec. 21.

St. Paul city council members in support of the ban said scams involving cryptocurrency kiosks/ATMs particularly impact seniors and those with low incomes.

"A lot of them are along Ford Parkway, where we know that there is a concentration of seniors and older folk," said St. Paul Council member Saura Jost.

According to the FBI, last year, there were nearly 11,000 complaints of cryptocurrency ATM fraud, resulting in more than $240 million in losses.

Ethan McClelland is the director of government relations at Bitcoin Depot, which the city said has 10 locations in St. Paul.

"Placing a reactionary ban on an industry that is already licensed and regulated by the state, which serves a legitimat

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