Money Transmission; Virtual Currency
Summary
This Alaska law updates regulations for money transmission businesses, including licensing requirements, use of virtual currency, authorized delegates, and record-keeping standards. It grants the Department of Commerce, Community, and Economic Development authority to cooperate with other states on money transmission regulation and establishes exemptions from licensure requirements for certain services like payroll processing. The law also addresses currency exchange licenses, permissible investments, and enforcement mechanisms for violations, while amending civil procedure rules related to these regulations.
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Last action
MANIFEST ERROR(S)
Jun 5, 2026
Topics
Legislative history
MANIFEST ERROR(S)
CONCUR MESSAGE TAKEN UP
CONCUR AM OF (H) Y20 N-
COURT RULE(S) SAME AS PASSAGE
EFFECTIVE DATE(S) SAME AS PASSAGE
AWAITING TRANSMITTAL TO GOV
CONCUR MESSAGE READ
RECONSIDERATION NOT TAKEN UP
TRANSMITTED TO (S) AS AMENDED
VERSION: HCS CSSB 86(FIN)
READ THE THIRD TIME HCS CSSB 86(FIN)
PASSED Y40
COURT RULE(S) SAME AS PASSAGE
EFFECTIVE DATE(S) SAME AS PASSAGE
TITLE CHANGE: HCR 17
JOHNSON NOTICE OF RECONSIDERATION
RULES TO CALENDAR 5/11/2026
READ THE SECOND TIME
FIN HCS ADOPTED UC
ADVANCED TO THIRD READING 5/12 CALENDAR
FIN RPT HCS(FIN) NEW TITLE 10DP 1NR
DP: JIMMIE, GALVIN, STAPP, HANNAN, ALLARD, MOORE, BYNUM, SCHRAGE, JOSEPHSON,
FOSTER
NR: TOMASZEWSKI
FN2: (CED)
TITLE CHANGE: HCR 17
READ THE FIRST TIME - REFERRALS
FIN
READ THE THIRD TIME CSSB 86(FIN)
PASSED Y17 N- E3
COURT RULE(S) SAME AS PASSAGE
EFFECTIVE DATE(S) SAME AS PASSAGE
TRANSMITTED TO (H)
VERSION: CSSB 86(FIN)
RULES TO CALENDAR 4/30/2025
READ THE SECOND TIME
FIN CS ADOPTED UC
ADVANCED TO THIRD READING 5/2 CAL
FIN RPT CS 4DP 2NR SAME TITLE
DP: OLSON, HOFFMAN, MERRICK, KIEHL
NR: STEDMAN, CRONK
FN1: (CED)
L&C RPT 3DP
DP: BJORKMAN, DUNBAR, YUNDT
FN1: (CED)
READ THE FIRST TIME - REFERRALS
L&C, FIN