Indiana Bans Crypto ATMs to Combat Fraud and Protect Consumers
Indiana has become the first state in the U.S. to ban cryptocurrency kiosks, also known as crypto ATMs, through the passage of House Enrolled Act 1116. This legislation, signed by Governor Mike Braun, aims to curb the rising incidents of fraud associated with these machines, which have been used by criminals to exploit consumers, particularly older adults, through fast and irreversible transactions. The FBI reported that losses tied to crypto ATMs reached $333 million nationally in 2025. The ban is part of a broader effort to protect consumers and establish Indiana as a leader in consumer protection against fraud. 
