Financial institutions and services; virtual currency kiosk operators, license required, penalties.

Financial institutions and services; virtual currency kiosk operators; license required; penalties. Establishes requirements for the operation of virtual currency kiosks, as defined in the bill, including a requirement that a virtual currency kiosk operator obtain licensure with the State Corporation Commission. The bill requires operators to file annual and quarterly reports, provide certain disclosures, and take reasonable steps to detect and prevent fraud and money laundering. The bill prohib…

Source: OpenStates · fetched April 13, 2026

• W-2 worker (non-union)indirectMinor impactMedium certainty

  May be subject to increased scrutiny or additional verification processes when using virtual currency kiosks due to enhanced fraud and money laundering prevention measures.

  “The bill requires operators to file annual and quarterly reports, provide certain disclosures, and take reasonable steps to detect and prevent fraud and money laundering.”· General