Cryptocurrency Ordinance

In October 2025, City Council received a presentation on fraud connected to cryptocurrency.  More specifically, fraud connected to ATMs and the more senior population falling victim to scams that have them insert US Currency into ATMs associated with buying cryptocurrency.  Following the informational presentation, City Council by consensus supported an ordinance that would ban ATMs in Ramsey that allowed cryptocurrency transactions due to the volume of fraudulent transactions experienced within Ramsey and throughout the world.  Since the presentation, and while developing the ordinance, staff have learned of new information related to other Minnesota cities who have adopted such ordinances.

Staff will present the new information and seek direction on how an ordinance shall be drafted for introduction.

Consider new information and provide consensus direction on drafting an ordinance.

Provide consensus direction on drafting an ordinance.