Tennessee Cryptocurrency ATM Ban Takes Effect in US, Federal Court Rejects Emergency Injunction Request

TechFlow News, July 9, according to Bitcoin.com reports, the cryptocurrency ATM ban in Tennessee, USA, has officially taken effect. A federal court recently rejected the emergency restraining order application filed by operators, allowing the relevant law to continue to be enforced during the litigation. The law makes installing, placing, or operating virtual currency terminals illegal, and the state government stated that this move aims to curb fraud activities targeting vulnerable groups. Although the plaintiffs claimed the ban would cause economic losses and raised constitutional challenges, the court held that they failed to demonstrate sufficient grounds for emergency relief, and that the public interest favors maintaining the implementation of the law.