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Indiana committee advances bill to ban cryptocurrency kiosks after amendment
Summary
A committee advanced House Bill 1116 after adopting a chairman's amendment that would ban cryptocurrency kiosks statewide. Supporters said kiosks enable tax evasion, money‑laundering risks and prey on unbanked consumers; the bill moved to the floor 6‑1.
A legislative committee voted to advance House Bill 1116 after adopting a chairman’s amendment that would ban cryptocurrency kiosks across Indiana.
Chairman Baldwin, who offered Amendment 14, said he supports legitimate cryptocurrency investment but concluded kiosks create a disproportionate risk of tax evasion and money laundering and impose…
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