Search results for Tim Walz
Crypto
Minnesota ban on crypto ATMs takes effect; existing machines to be removed by year-end
Minnesota has banned the operation of cryptocurrency kiosks, with a new law taking effect after Governor Tim Walz signed SF 3868 on May 5. Under the law, operators may not install, run or maintain crypto ATMs in the state. Existing machines had to be deactivated by Aug. 1, and those in places visible or accessible to the public must be removed by Dec. 31.
Crypto
Minnesota bans operation of prediction markets, stirs debate ahead of August start
U.S. state Minnesota has passed a bill banning the in-state operation of prediction markets such as Kalshi and Polymarket. Governor Tim Walz signed the measure, which includes public safety provisions, and it is set to take effect on Aug. 1. Opposition has already emerged ahead of implementation. The move comes as several states pursue legal action and as the U.S. Commodity Futures Trading Commission argues it holds sole oversight authority.
AI & Enterprise
Minnesota to allow banks, credit unions to offer crypto custody services
Minnesota will allow banks and credit unions to provide cryptocurrency custody services starting on Aug. 1. Cointelegraph reported that Governor Tim Walz (팀 월즈) signed House bill HF 3709. Under the new law, Minnesota-based banks and credit unions can offer certain crypto custody services on a non-trust basis and may use external service providers or sub-custodians. Customer funds must be legally and operationally segregated from the institutions’ assets.