IndianaIndiana bars people from running virtual currency kiosks for payment
Indiana bars people from running kiosks for paid digital currency trades and lets the attorney general sue over violations.
What it does
People may not run virtual currency kiosks for payment in Indiana. These machines let users buy, sell, or trade digital currency.
The attorney general may sue kiosk operators and property owners who knowingly or intentionally allow violations. Courts may order people who knowingly or intentionally ran kiosks to pay the state charges they collected during violations, cover investigation costs, or give up their Indiana kiosks.
Argument forStopping paid kiosk trades could spare some users the fees and currency price markups these kiosks can charge.
Argument againstPeople who use kiosks to buy or sell digital currency may lose that option in Indiana.
More detail
Indiana bars people from running virtual currency kiosks for payment. The rule covers people who remotely handle or help with users’ kiosk trades for charges assessed to users. Covered trades exchange digital currency for money, bank credit, or another digital currency. The rule took effect when the act passed.
The attorney general may sue kiosk operators and property owners who knowingly or intentionally allow a violation. The attorney general may sue an operator or a property owner who knowingly or intentionally permitted the violation. A court may order extra penalties if it finds that someone knowingly or intentionally operated a kiosk in Indiana. The court may order that person to pay the state an amount equal to charges collected during the violation, cover investigation costs, or give up kiosks they own in Indiana.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 9Public Law 143Latest
- Mar 9Signed by the Governor Mike BraunBecame Law
- Mar 2Signed by the President of the SenateMajor
- Feb 24Signed by the President Pro TemporeMajor
- Feb 23Signed by the SpeakerMajor
- Feb 19House concurred with Senate amendments; Roll Call 296: yeas 94, nays 1
- Vote recorded HB 1116 - McNamara. Result: pass.Lower
- Feb 18Motion to concur filedMinor
- Feb 18Returned to the House with amendmentsMinor
- Feb 17Third reading: passed; Roll Call 178: yeas 45, nays 0Passed Senate
- Vote recorded HB 1116 - Baldwin - 3rd Reading. Result: pass.Upper
- Feb 16Second reading: ordered engrossedMinor
- Feb 12Committee report: amend do pass, adoptedMinor
- Feb 12Senator Tomes added as cosponsor
- Feb 9Senator Randolph added as cosponsor
- Feb 2First reading: referred to Committee on Insurance and Financial InstitutionsMinor
- Jan 29Referred to the SenateMinor
- Jan 28Senate sponsors: Senators Baldwin, Becker
- Vote recorded HB 1116 - McNamara - 3rd Reading. Result: pass.Lower
- Jan 28Third reading: passed; Roll Call 143: yeas 87, nays 7Passed House
- Jan 27Second reading: ordered engrossedMinor
- Jan 22Committee report: amend do pass, adoptedMinor
- Jan 15Recommitted to Committee on Ways and Means pursuant to House Rule 126.3
- Jan 15Committee report: amend do pass, adoptedMinor
- Jan 5First reading: referred to Committee on Financial InstitutionsMinor
- Jan 5Authored by Representative McNamara
- Jan 5Coauthored by Representatives Meltzer, Teshka, SteuerwaldIntroduced
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