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Council advances ordinance to ban on‑site virtual currency kiosks, citing fraud risk and local incidents
Summary
City staff introduced an ordinance to prohibit placement and use of on‑site virtual currency kiosks after staff cited FBI statistics and local incidents of kiosk‑related fraud. The item was laid over to Nov. 12 for second reading and public hearing.
The council on Nov. 5 heard a staff presentation proposing an ordinance to prohibit the placement and operation of virtual currency (cryptocurrency) kiosks within the city of St. Paul. Staff said kiosks function like an ATM for virtual currency, are often placed in high‑traffic retail locations, and have been linked to a substantial share of kiosk‑specific fraud losses.
Tim Greenfield, chief policy officer for the council staff, reviewed national and local statistics: he cited FBI figures for 2024 of nearly…
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