{ "jurisdiction_id": "US-IN", "jurisdiction": "United States – Indiana", "url": "https://cryptoassets.gi/jurisdictions/united-states-indiana/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-17", "schema_version": "crypto-v2.0.0", "counts": { "modules": 8, "sourced_findings": 18, "source_register": 11 }, "modules": [ { "code": "crypto_licensing", "name": "Crypto Licensing", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-indiana/#crypto-licensing-crypto-licensing", "standing_position": "Indiana has no bespoke crypto-asset licensing statute. Virtual-currency exchange, custody and transmission businesses fall under Indiana's general Uniform Money Services Act (IC 28-8-4.1), administered by the Indiana Department of Financial Institutions (DFI) and processed through the multistate NMLS system, consistent with the disambiguation seed. Two 2026 enactments materially reshape the landscape: HB 1042 (signed March 3, 2026, effective July 1, 2026) carves out DFI as the only public agency permitted to regulate individuals' digital-asset activity, while barring all other state/local agencies from restricting acceptance of crypto payments or self-hosted wallet custody; and a companion bill (commonly referenced as HB 1116) enacted a full statewide prohibition on virtual-currency kiosks (crypto ATMs), making Indiana the first U.S. state with a blanket kiosk ban, enforced by the Attorney General under deceptive consumer sales law.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "token_classification", "name": "Token Classification", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-indiana/#token-classification-token-classification", "standing_position": "Indiana has no state-level token-classification regime. Per the disambiguation seed, characterisation of tokens as securities or commodities is governed exclusively by federal SEC/CFTC jurisdiction (see US JID), not by Indiana-specific rules. The only Indiana statutory definition touching classification is a narrow carve-out in HB 1042's retirement-plan provisions (IC 2-3.5-5-3.3), which defines 'digital asset' for public-fund investment purposes and explicitly excludes stablecoins from that definition.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "on_chain_activity_regime", "name": "On-Chain Activity Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-indiana/#on-chain-activity-regime-on-chain-activity-regime", "standing_position": "Indiana's 2026 legislative package (new IC Article 5-36 and amendments to IC 36-1) is the first Indiana statutory framework to define and protect on-chain activities. It establishes definitions for blockchain, blockchain protocol, digital asset mining, digital asset mining business, node, private digital asset mining, self-hosted wallet, hardware wallet, and staking, and separately bars local units of government from adopting ordinances that restrict digital-asset mining operations (IC 36-1-30.5).", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "stablecoin_regime", "name": "Stablecoin Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-indiana/#stablecoin-regime-stablecoin-regime", "standing_position": "Indiana has no bespoke state-level stablecoin issuance, reserve, redemption or disclosure regime; issuance authorisation for payment stablecoins is governed at the federal level (see US JID), and Indiana's only stablecoin-adjacent provision is a definitional exclusion (HB 1042, IC 2-3.5-5-3.3) removing stablecoins from the 'digital asset' definition used for state retirement-plan crypto-ETF investment eligibility.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "consumer_protection", "name": "Consumer Protection", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-indiana/#consumer-protection-consumer-protection", "standing_position": "Indiana's 2026 legislative package provides two consumer-protection-relevant strands: (1) HB 1042's protection of individuals' right to accept crypto as payment and to self-custody assets via self-hosted or hardware wallets, insulating this activity from restrictive agency rulemaking; and (2) the statewide crypto-ATM/kiosk ban, motivated by rising elder-fraud losses (approximately $400,000 in Evansville-area scams reported in 2025), enforceable by the Attorney General under Indiana's deceptive consumer sales law.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "tax_treatment", "name": "Tax Treatment", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-indiana/#tax-treatment-tax-treatment", "standing_position": "Federal tax treatment governs crypto in Indiana absent state override: the IRS treats virtual currency as property (Notice 2014-21), so dispositions generally trigger capital gains/loss treatment and mined/staked tokens are includible in gross income at fair market value on receipt. Indiana layers on a narrow non-discrimination protection: HB 1042 prohibits the state and local governments from imposing special taxes or fees on crypto used as payment for lawful goods/services, or on individuals maintaining self-hosted-wallet custody, that do not apply to other financial transactions.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "cross_border_transfer", "name": "Cross-Border Transfer", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-indiana/#cross-border-transfer-cross-border-transfer", "standing_position": "Indiana has no state-specific cross-border crypto transfer regime; outbound-restriction, sanctions-nexus and cross-border reporting matters are governed federally. OFAC-administered sanctions programs apply to crypto transactions involving sanctioned persons/jurisdictions regardless of Indiana licensing status, and FinCEN's federal Funds Travel Rule (cross-border limb of AML, subscribed via FIM) applies to qualifying money transmitters, including Indiana-licensed virtual-currency businesses.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "aml_cft_regime", "name": "AML/CFT Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-indiana/#aml-cft-regime-aml-cft-regime", "standing_position": "Crypto AML/CFT obligations are handled at the fleet level via the FIM aml_ctf module subscription; this baseline does not produce AML/CFT claims for US-IN. For disambiguation context only: virtual-currency exchangers/administrators operating from or into Indiana are subject to FinCEN's federal Bank Secrecy Act money-transmitter regime (registration, recordkeeping, SAR/CTR filing) regardless of Indiana state licensing status, and FinCEN's 2025 kiosk notice specifically flags CVC kiosk operators as subject to BSA obligations.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] } ] }