Michigan's Grosse Pointe Farms Sets Crypto ATM Rules

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Michigan's Grosse Pointe Farms Sets Crypto ATM Rules Before Any Arrive

Written by Aaron S.,

Editor-In-Chief

Last Updated: July 16, 2025

Key Takeaways

Grosse Pointe Farms passed rules for crypto ATMs to protect locals from rising scams;
The ordinance requires registration, licenses, fraud warnings, and spending limits;
Officials acted early after nearby towns reported residents falling victim to scams.

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Michigan's Grosse Pointe Farms Sets Crypto ATM Rules Before Any Arrive

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The Michigan town of Grosse Pointe Farms has introduced rules to regulate the operation of crypto ATMs, even though none currently exist there.

The city council voted unanimously on July 15 to approve the ordinance. They stated that it aims to help protect residents from fraud that has been on the rise across the state.

The decision came after reports of scams involving crypto ATMs in nearby towns. One resident of St. Clair Shores recently fell victim to such a scheme, which prompted the Grosse Pointe Farms council to take action before similar machines appeared locally.

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At the meeting, Council Member Lev Wood stated that the goal of the new rules was to clarify the process and mitigate risks for individuals who may not fully understand how the machines operate.

Additionally, City Attorney Bill Burgess explained the four key parts of the ordinance. First, operators must register their machines with the town’s Department of Public Safety. Second, anyone running a kiosk will need a valid business license from the city.

Third, all machines must display clear warnings about fraud risks and the fact that transactions cannot be reversed. Finally, limits will apply to new customers, which cap at $1,000 per day and $5,000 total over the first two weeks of use. After that period, these limits are lifted.

On July 9, New Zealand announced rules banning crypto ATMs nationwide and restricting overseas cash transfers. What did Associate Justice Minister Nicole McKee say? Read the full story.