SB 292: Virtual Currency Kiosk Businesses

GENERAL BILL by Burton

Virtual Currency Kiosk Businesses; Defining terms and revising the definition of the term “control person”; requiring the Office of Financial Regulation of the Financial Services Commission to supervise virtual currency kiosk businesses; prohibiting a virtual currency kiosk business from operating without registering or renewing its registration in accordance with certain provisions; providing criminal penalties for certain entities that operate or solicit business as a virtual currency kiosk business under certain circumstances; requiring that the registration of a virtual currency kiosk business be made inactive if such business does not renew its registration by a certain date, etc.

Current Bill Version Posted: 1/16/2025 02:14 PM

• Senate Committee References (3)

  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Fiscal Policy (FP)

• Related Bills (1)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  H 319 by Fabricio Virtual Currency Kiosk Businesses Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration	Identical

• Analyses (1)

  Links in this section are PDF documents.

  • Banking and Insurance (Pre-Meeting)   3/24/2025

• Citations - Statute (8)

  The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
  
  The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.

  560.103	Definitions.	Page 3 [pdf]
  560.105	Supervisory powers; rulemaking.	Page 6 [pdf]
  560.501		Page 6 [pdf]
  560.502		Page 6 [pdf]
  560.503		Page 7 [pdf]
  560.504		Page 12 [pdf]
  560.505		Page 15 [pdf]
  560.506		Page 15 [pdf]

• Bill History

  S = Senate, H = House

  1/16/2025	S	• Filed
  1/29/2025	S	• Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
  3/4/2025	S	• Introduced
  3/20/2025	S	• On Committee agenda-- Banking and Insurance, 03/25/25, 8:30 am, 412 Knott Building --Temporarily Postponed
  5/3/2025	S	• Indefinitely postponed and withdrawn from consideration