AN ACT relating to the regulation of virtual currency kiosks.
Summary
This Kentucky bill establishes comprehensive state regulation of virtual currency kiosks, requiring operators to obtain licenses from the Department of Financial Institutions and comply with surety bond, net worth, and record-keeping requirements. The bill grants the commissioner authority to enforce trade practice standards, conduct investigations and examinations, and take enforcement actions including civil penalties, license denial, suspension, or revocation against operators who violate requirements or engage in fraud. The regulations, which take effect March 31, 2027, will cover transaction practices, asset protection, information security, and prohibited practices for virtual currency kiosk operators.
Sponsor
Last action
signed by Governor
Apr 13, 2026
Topics
Co-sponsors (1)
Legislative history
signed by Governor
Committee Substitute (1) adopted
floor amendment (2) adopted
3rd reading, passed 81-7 with Committee Substitute (1), Floor Amendment (2) and Committee Amendment (1-title)
received in Senate
to Rules (S)
posted for passage for concurrence in House Floor Amendment (2), Committee Substitute (1) and Committee Amendment (1-title)
Senate concurred in Committee Substitute (1), Floor Amendment (2) and Committee Amendment (1-title)
passed 38-0
enrolled, signed by President of the Senate
enrolled, signed by Speaker of the House
delivered to Governor
floor amendment (3) filed to Committee Substitute
posted for passage in the Regular Orders of the Day for Tuesday, March 31 2026
2nd reading, to Rules
floor amendment (2) filed to Committee Substitute
reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)
floor amendment (1) filed to Committee Substitute
to Banking & Insurance (H)
received in House
to Committee on Committees (H)
3rd reading
floor amendment (1) withdrawn
passed 37-0 with Committee Substitute (1) and Floor Amendment (2)
passed over and retained in the Orders of the Day
floor amendment (2) filed to Committee Substitute
posted for passage in the Regular Orders of the Day for Friday, February 27 2026
floor amendment (1) filed to Committee Substitute
2nd reading, to Rules
reported favorably, 1st reading, to Calendar with Committee Substitute (1)
to Banking & Insurance (S)
introduced in Senate
to Committee on Committees (S)