Goodbye, Bitcoin? There currently are at least 32 crypto kiosks, according to St. Paul police, where users can deposit cash and see it converted into a digital alternative.

Soon, there may be none.

Alarmed by fraud cases that have cost victims millions of dollars nationally, the St. Paul City Council is poised to ban virtual currency kiosks that have proliferated citywide.

The ATM-like kiosks are placed in high-traffic areas such as convenience stores and allow users to make cash deposits, which are then converted into Bitcoin or other digital currencies and transferred into an account or virtual wallet. Digital currency is money that exists only in an electronic form and can be exchanged online. It often operates independently of central banks.

An ordinance before the city council cal

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