AARP Indiana is applauding Governor Mike Braun’s signing of legislation banning cryptocurrency kiosks in Indiana and thus protecting Hoosiers from cryptocurrency kiosk scams.
Increasingly, criminals have been using the machines to quickly extract money from their victims, who disproportionately are older adults.
According to the Federal Bureau of Investigation, fraudsters used virtual currency kiosks to steal more than $333 million in 2025 alone.
The financial losses are mounting, and many incidents go unreported.
There are more than 45,000 crypto ATMs nationwide, with nearly 900 of them located across the state of Indiana.
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