CS/HB 505: Virtual Currency Kiosks

GENERAL BILL by Commerce Committee, Owen, Daley; (CO-INTRODUCERS) Alvarez, D., Kendall, Miller, Salzman, Tendrich

Virtual Currency Kiosks; 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; requiring the Office of Financial Regulation to give a specified notice to applicants; specifying that certain money transmitters are exempt from registration as a virtual currency kiosk business but are subject to certain provisions; requiring applicants to submit certain information to the office to be registered as a virtual currency kiosk business; requiring a virtual currency kiosk business to ensure that its virtual currency kiosk requires certain attestations from the customer and displays a certain disclosure; requiring a virtual currency kiosk business to provide a customer with a specified physical or electronic receipt upon completion of a virtual currency transaction; requiring a virtual currency kiosk business to issue a full refund under certain circumstances, etc.

Current Bill Version Posted: 3/13/2026 08:17 AM

• Senate Committee References (1)

  1. Rules (RC)

• Related Bills (2)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 198 (c2) by Rouson Virtual Currency Kiosks Last Action: 2/25/2026 S Laid on Table, refer to CS/HB 505	Similar
  S 1440 (e1) by Martin Public Records/Office of Financial Regulation Last Action: 2/25/2026 H In Messages	Compare

• Citations - Statute (11)

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  560.103	Definitions.	Page 2 (pdf)
  560.105	Supervisory powers; rulemaking.
  560.114	Disciplinary actions; penalties.
  560.125	Unlicensed activity; penalties.
  560.501
  560.502
  560.503
  560.504
  560.505
  560.506
  560.507

• Bill History

  S = Senate, H = House

  11/20/2025	H	• Filed
  11/24/2025	H	• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee
  12/2/2025	H	• Added to Insurance & Banking Subcommittee agenda
  12/9/2025	H	• Favorable by Insurance & Banking Subcommittee • Reported out of Insurance & Banking Subcommittee • Now in Commerce Committee
  1/13/2026	H	• 1st Reading (Original Filed Version)
  1/23/2026	H	• Added to Commerce Committee agenda
  1/27/2026	H	• Favorable with CS by Commerce Committee
  1/28/2026	H	• Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed
  1/29/2026	H	• 1st Reading (Committee Substitute 1)
  2/2/2026	H	• Bill referred to House Calendar • Added to Second Reading Calendar
  2/10/2026	H	• Bill added to Special Order Calendar (2/17/2026)
  2/17/2026	H	• Read 2nd time • Added to Third Reading Calendar • Read 3rd time • CS passed; YEAS 108, NAYS 0
  2/17/2026	S	• In Messages
  2/18/2026	S	• Referred to Rules • Received
  2/25/2026	S	• Withdrawn from Rules • Placed on Calendar, on 2nd reading • Substituted for CS/CS/SB 198 • Read 2nd time • Amendment(s) adopted (518110) • Read 3rd time • CS passed as amended; YEAS 37 NAYS 0 • Immediately certified
  2/25/2026	H	• In Messages
  3/12/2026	H	• Added to Senate Message List • Amendment 518110 Concur • CS passed as amended; YEAS 107, NAYS 0 • Ordered engrossed, then enrolled