Indiana is the first state to ban cryptocurrency ATMs and kiosks, per House Bill 1116 signed by Governor Mike Braun. The measure classifies violations as deceptive consumer sales and imposes penalties on operators. Indiana chose to ban crypto kiosks due to a rise in scammers utilizing the machines.
The FBI reported $333 million in losses in 2025 alone from reported crypto ATM scams. Officials cited this data as a key factor behind the ban.
The ban highlights a tightening regulatory stance on consumer protections in the crypto space. State officials say the move aims to safeguard residents while the policy is evaluated for its broader implications.
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