CS/CS/SB 198: Virtual Currency Kiosks

GENERAL BILL by Rules, Banking and Insurance, Rouson; (CO-INTRODUCERS) Arrington

Virtual Currency Kiosks; Revising the definition of the term “money services business”; revising the requirements for certain rules adopted by the Financial Services Commission; revising the actions by money services businesses, authorized vendors, or affiliated parties which constitute grounds for disciplinary action; prohibiting persons from engaging in certain business unless they are registered or exempt from registration; prohibiting a virtual currency kiosk business from operating in this state without registering or renewing its registration, etc.

Current Bill Version Posted: 2/12/2026 09:41 AM

• Senate Committee References (3)

  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Rules (RC)

• Related Bills (2)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 1440 (e1) by Martin Public Records/Office of Financial Regulation Last Action: 2/25/2026 H In Messages	Linked
  H 505 (er) by Commerce Committee Virtual Currency Kiosks Last Action: 3/12/2026 H Ordered engrossed, then enrolled	Similar

• Citations - Statute (11)

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  560.103	Definitions.	Page 3 (pdf)
  560.105	Supervisory powers; rulemaking.	Page 4 (pdf)
  560.114	Disciplinary actions; penalties.	Page 4 (pdf)
  560.125	Unlicensed activity; penalties.	Page 5 (pdf)
  560.501		Page 7 (pdf)
  560.502		Page 9 (pdf)
  560.503		Page 10 (pdf)
  560.504		Page 14 (pdf)
  560.505		Page 15 (pdf)
  560.506		Page 15 (pdf)
  560.507		Page 16 (pdf)

• Bill History

  S = Senate, H = House

  10/15/2025	S	• Filed
  11/3/2025	S	• Referred to Banking and Insurance; Commerce and Tourism; Rules
  1/13/2026	S	• Introduced
  1/23/2026	S	• On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building
  1/28/2026	S	• CS by Banking and Insurance; YEAS 10 NAYS 0
  1/29/2026	S	• Pending reference review under Rule 4.7(2) - (Committee Substitute) • Now in Commerce and Tourism
  1/30/2026	S	• On Committee agenda-- Commerce and Tourism, 02/04/26, 10:30 am, 110 Senate Building
  2/4/2026	S	• Favorable by Commerce and Tourism; YEAS 9 NAYS 0 • CS by Banking and Insurance read 1st time • Now in Rules
  2/5/2026	S	• On Committee agenda-- Rules, 02/10/26, 9:00 am, 412 Knott Building
  2/10/2026	S	• CS/CS by- Rules; YEAS 24 NAYS 0
  2/12/2026	S	• Pending reference review -under Rule 4.7(2) - (Committee Substitute) • Placed on Calendar, on 2nd reading
  2/18/2026	S	• CS/CS by Rules read 1st time
  2/23/2026	S	• Placed on Special Order Calendar, 02/25/26
  2/25/2026	S	• Read 2nd time • Substituted CS/HB 505 • Laid on Table, refer to CS/HB 505