Ind. Code ch. 28-8-7

Ind. Code ch. 28-8-7
in effect

Ind. Code § 28-8-7-1 "Charges"

Sec. 1. As used in this chapter, "charges", with respect to a virtual currency transaction, means: (1) fees or expenses paid by a user to the operator of a virtual currency kiosk as compensation for the operator's facilitation of the virtual currency transaction; and (2) the difference between: (A) the market price of a virtual currency purchased, sold, transferred, or exchanged by the user in the virtual currency transaction; and (B) the price of the virtual currency charged to the user by the operator of the virtual currency kiosk. As added by P.L.143-2026, SEC.2.

Ind. Code § 28-8-7-2 "Operate"

Sec. 2. As used in this chapter, "operate", with regard to a virtual currency kiosk, means to use the virtual currency kiosk to remotely conduct or facilitate virtual currency transactions through the virtual currency kiosk: (1) on behalf of users of the virtual currency kiosk; and (2) for compensation by a user of the virtual currency kiosk in the form of charges assessed to the user. As added by P.L.143-2026, SEC.2.

Ind. Code § 28-8-7-3 "Operator"

Sec. 3. As used in this chapter, "operator", with regard to a virtual currency kiosk, means a person that: (1) owns; or (2) engages in the business of operating; the virtual currency kiosk, regardless of whether the person provides custodial or noncustodial services with regard to virtual currency. As added by P.L.143-2026, SEC.2.

Ind. Code § 28-8-7-4 "User"

Sec. 4. As used in this chapter, "user" means an individual that initiates a virtual currency transaction through a virtual currency kiosk for the purpose of the individual's purchase, sale, transfer, or exchange of virtual currency. As added by P.L.143-2026, SEC.2.

Ind. Code § 28-8-7-5 "Virtual currency"

Sec. 5. As used in this chapter, "virtual currency" means a natively electronic asset that: (1) confers economic, proprietary, or access rights or powers; and (2) is recorded using cryptographically secured distributed ledger technology, or an analogous technology. As added by P.L.143-2026, SEC.2.

Ind. Code § 28-8-7-6 "Virtual currency kiosk"

Sec. 6. As used in this chapter, "virtual currency kiosk" means an electronic terminal through which the operator of the electronic terminal is able to conduct or facilitate a virtual currency transaction on behalf of a third party, including by: (1) connecting to a separate virtual currency exchange that performs the transaction; or (2) drawing on virtual currency in the possession of the operator. As added by P.L.143-2026, SEC.2.

Ind. Code § 28-8-7-7 "Virtual currency transaction"

Sec. 7. As used in this chapter, "virtual currency transaction" means: (1) an exchange of virtual currency for: (A) money; (B) bank credit; or (C) another form of virtual currency; or (2) an exchange of: (A) money; or (B) bank credit; for virtual currency; conducted through a virtual currency kiosk. As added by P.L.143-2026, SEC.2.

Ind. Code § 28-8-7-8 Prohibition on operating a virtual currency kiosk

Sec. 8. A person may not operate a virtual currency kiosk in Indiana. As added by P.L.143-2026, SEC.2.

Ind. Code § 28-8-7-9 Violations as deceptive acts; action by attorney general; penalties for violations

Sec. 9. (a) A person that violates this chapter commits a deceptive act that is actionable by the attorney general under IC 24-5-0.5 and is subject to the remedies and penalties under IC 24-5-0.5. (b) The attorney general may bring an action under subsection (a) against the following: (1) The operator of a virtual currency kiosk that gives rise to a violation of this chapter. (2) The owner of the premises on which the virtual currency kiosk is located, if the owner knowingly or intentionally permitted the violation described in subdivision (1). (c) If a court finds that a person has knowingly or intentionally operated one (1) or more virtual currency kiosks in Indiana in violation of this chapter, the court may, in addition to any other penalty imposed under IC 24-5-0.5, order one (1) or more of the following: (1) That the person forfeit and pay to the state the amount of any charges that were collected by the person from users of the virtual currency kiosk or kiosks during the period in which the person operated the virtual currency kiosk or kiosks in violation of this chapter. (2) That the person forfeit to the state any virtual currency kiosk that is owned by the person and located in Indiana. (3) That the person pay to the attorney general all costs associated with the investigation of the violation. (d) The remedies and penalties under this section are not exclusive and are cumulative to any other remedy or penalty to which a person may be liable for conduct that violates this chapter. As added by P.L.143-2026, SEC.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

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