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Evansville council adopts ordinance to regulate cryptocurrency kiosks after fraud concerns
Summary
The Evansville Common Council on Sept. 8 passed an amended ordinance creating a new chapter of the municipal code to regulate “virtual currency kiosks” (crypto ATMs) after testimony from the police financial crimes unit and AARP about rising scams targeting older residents.
The Evansville Common Council on Sept. 8 adopted an amended ordinance (G-2025-19) creating a new chapter of the Evansville Municipal Code to regulate virtual currency kiosks, commonly known as cryptocurrency ATMs. The measure passed by roll call vote, 8-0.
Council members advanced the ordinance after the city’s financial crimes sergeant described a rise in scams in which victims are instructed to convert cash into cryptocurrency at kiosks and then immediately transfer funds to accounts controlled by fraudsters. “We have approximately 70 Bitcoin ATMs in Evansville,” Sergeant Nathan Van Cleave of the Evansville Police Department’s financial crimes unit told the council. “Once the money hits the Bitcoin ATM, it’s…
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