Chapter 8.45
VIRTUAL CURRENCY KIOSKS
Sections:
8.45.060 Virtual currency kiosk disclosures.
8.45.080 Virtual currency kiosk contact information notice.
8.45.100 Law enforcement access to investigative information.
8.45.110 Penalties for violation.
8.45.010 Title and purpose.
(A) This chapter and the entire contents thereof, as may be amended from time to time, shall be commonly known as the “Virtual Currency Kiosk Ordinance” in the City of Evansville, Indiana (the “City”).
(B) The purpose of this chapter is to help promote greater consumer protection, reduce fraudulent activity, and enhance transparency in virtual currency kiosk transactions conducted within the City. [Ord. G-2025-19 § 1, 9-10-25.]
8.45.020 Authority.
This chapter is adopted by the City pursuant to its authority under the laws of the State of Indiana, the Evansville Municipal Code (EMC), and all other applicable authorities and provisions of Indiana state statutory and common law. [Ord. G-2025-19 § 1, 9-10-25.]
8.45.030 Jurisdiction.
This chapter shall apply to all virtual currency kiosks located within the corporate boundaries of the City. [Ord. G-2025-19 § 1, 9-10-25.]
8.45.040 Severability.
In the event any section, part or provision of this chapter shall be held unconstitutional or invalid by any court, such holding shall not affect the validity of this chapter or any remaining part of this chapter, other than the part held unconstitutional or invalid. [Ord. G-2025-19 § 1, 9-10-25.]
8.45.050 Definitions.
Unless otherwise expressly stated, the following terms shall, for the purposes of this chapter, have the specific meanings provided hereinbelow. Where terms are not defined through the methods authorized by this section, such terms shall have their ordinarily accepted meanings such as the context implies.
“Department” shall refer to the Evansville Police Department, which shall have the responsibility of administering this chapter.
“Virtual currency” shall mean a digital representation of value that is used as a medium of exchange, unit of account, or store of value, and that is not issued or guaranteed by any government.
“Virtual currency kiosk” shall mean an electronic self-service terminal, automated kiosk, person, or machine acting as an agent of a virtual currency kiosk operator to enable the facilitation of a virtual currency kiosk transaction for money, bank credit, or other virtual currencies or payment methods, including, but not limited to: (1) by connecting to a separate virtual currency exchange that executes the virtual currency kiosk transaction, or (2) by drawing upon virtual currency held directly by the virtual currency kiosk operator. This term includes, but is not limited to, devices commonly referred to as crypto/virtual currency ATMs or Bitcoin ATMs.
“Virtual currency kiosk operator” shall mean any person, business, or entity that owns, leases, manages, controls, or otherwise has responsibility for the operation, maintenance, or administration of a virtual currency kiosk, whether directly or through a third-party service provider.
“Virtual currency kiosk transaction” shall mean any act of buying, selling, transferring, exchanging, or converting virtual currency, in whole or in part, for legal tender (fiat currency), bank credit, another virtual currency, or any other form of value, including, but not limited to, transactions conducted through a virtual currency kiosk or any other platform or mechanism that enables the movement or conversion of virtual currency. [Ord. G-2025-19 § 1, 9-10-25.]
8.45.060 Virtual currency kiosk disclosures.
(A) Each time a consumer utilizes a virtual currency kiosk, and before such consumer may effectuate the virtual currency transaction, the virtual currency kiosk transaction shall display to the consumer a written prominent disclosure in bold type stating in substantially similar form the following disclosures:
WARNING: CONSUMER FRAUD OFTEN STARTS WITH CONTACT FROM A STRANGER WHO IS INITIATING A DISHONEST SCHEME. CRIMINAL ACTIVITY MAY APPEAR IN MANY FORMS, INCLUDING, BUT NOT LIMITED TO:
(1) Claims of a frozen bank account or credit card;
(2) Claims of fraudulent financial transactions;
(3) Claims of identity theft or job offerings in exchange for payment;
(4) Requests for payment to government agencies or companies;
(5) Offers to purchase tickets for lotteries, sweepstakes, or drawings;
(6) Requests for disaster relief donations or loans; or
(7) Communication from someone impersonating a representative of your bank or a law enforcement officer.
IF YOU BELIEVE YOU ARE BEING SCAMMED, CALL YOUR LOCAL LAW ENFORCEMENT.
WARNING: TRANSACTIONS CONDUCTED ON THIS VIRTUAL CURRENCY KIOSK ARE IRREVERSIBLE. PROTECT YOURSELF FROM FRAUD AND NEVER SEND MONEY TO SOMEONE YOU DO NOT KNOW.”
(B) Upon the written request of the Department, a virtual currency kiosk operator shall provide a copy of the written disclosures that is displayed on a virtual currency kiosk as described in subsection (A) of this section. [Ord. G-2025-19 § 1, 9-10-25.]
8.45.070 Receipts.
In connection with any virtual currency kiosk transactions processed at any virtual currency kiosk, the virtual currency kiosk must produce a written receipt containing, at a minimum, the name of the consumer, the amount of the virtual currency kiosk transaction and any related fees, the time and date of the virtual currency kiosk transaction, the name and contact information for the virtual currency kiosk operator, and the telephone number of the customer service helpline required pursuant to EMC 8.45.090. [Ord. G-2025-19 § 1, 9-10-25.]
8.45.080 Virtual currency kiosk contact information notice.
The name, address, and telephone number of the virtual currency kiosk operator, and the days, time, and means by which a consumer may contact the virtual currency kiosk operator for consumer assistance, shall be prominently displayed on or adjacent to the virtual currency kiosk and/or on the first screen of such virtual currency kiosk. [Ord. G-2025-19 § 1, 9-10-25.]
8.45.090 Customer service.
All virtual currency kiosk operators shall maintain, on a continuous basis while any virtual currency kiosk is capable of processing any virtual currency kiosk transactions, consumer service helpline staffed by trained natural persons employed by or on behalf of the virtual currency kiosk operator. The consumer service helpline’s toll-free number shall be prominently displayed on the virtual currency kiosk or on the first screen of such virtual currency kiosk. [Ord. G-2025-19 § 1, 9-10-25.]
8.45.100 Law enforcement access to investigative information.
All virtual currency kiosk operators shall provide a dedicated line of communication for relevant government agencies via a U.S. mailing address, telephone number, or email address, which shall be used and monitored frequently to help facilitate law enforcement and regulatory agency communications with the virtual currency kiosk operator in the event of a fraud report from a consumer or an investigation related thereto. [Ord. G-2025-19 § 1, 9-10-25.]
8.45.110 Penalties for violation.
Any virtual currency kiosk operator determined to be in violation of this chapter by the Department shall be subject to a civil penalty of not less than $100.00 per violation for the first violation in any calendar year, with the second violation during any calendar year carrying a civil penalty of $250.00 per violation, and the third and subsequent violations during any calendar year carrying a penalty of $500.00 per violation. The violations must be on the same property or structure upon which one or more violating virtual currency kiosks are located to increase the penalty. [Ord. G-2025-19 § 1, 9-10-25.]