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Minnesota2026Passed Legislature

HF3642

Ban on Virtual Currency Kiosks in Minnesota

Last scannedAug 22, 2026, 3:39 AM

In one sentence

This law prohibits virtual currency kiosks starting August 1, 2026, requires operators to remove them by December 31, 2026, and mandates payouts for customers if no other access methods exist.

What it does

  • Prohibits installing, operating, maintaining, or making available any virtual currency kiosk beginning August 1, 2026.
  • Requires operators to remove all kiosks from public view and access by December 31, 2026.
  • Mandates that operators pay out money or virtual currency owed to customers if the operator conducts transactions exclusively through a kiosk.
  • Allows customers to choose receiving their payout in U.S. dollars based on market value or as a transfer to a digital wallet.
  • Requires operators to record payouts on the blockchain and keep proof of transfers available for government review.

Who it affects

  • People who install, operate, maintain, or provide access to virtual currency kiosks in Minnesota.
  • Customers who hold money or virtual currency with kiosk operators that do not offer other ways to withdraw funds.

Limits and unknowns

  • Operators do not have to make payouts if they already provide other legal ways for customers to access, transfer, or redeem their funds.
  • The text does not specify penalties for operators who fail to remove kiosks by the deadline.

Plain language

Terms to know

Virtual currency kiosk
An electronic terminal acting as a mechanical agent, or a person acting on behalf of the operator, used to exchange virtual currency for money, bank credit, or other virtual currency.
Payout
The process where an operator returns money or transfers virtual currency to a customer by December 31, 2026, if the kiosk was their only way to access funds.

Official record

Sources

Validated
Official bill pageIntroduced textOfficial digestCurrent bill textStored full record

Official summary

Virtual currency kiosks prohibited, and customer payouts provided.

Official activity

Bill history

  1. See Senate file in House SF3868House
  2. Authors added Tabke, Kozlowski, Hollins, and NorrisHouse
  3. Authors added Zeleznikar and Anderson, P. E.House
  4. Bills not identical, SF substituted on General RegisterHouse
  5. Referred to Chief Clerk for comparison with SF3868House
  6. Author added Hanson, J.House
  7. Author added BakebergHouse
  8. Author added WitteHouse
  9. Committee report, to adopt as amendedHouse
  10. Authors added Novotny and MollerHouse
  11. Author added PerrymanHouse
  12. Introduction and first reading, referred to Commerce Finance and PolicyHouse