Rules for Virtual Currency Kiosks
In one sentence
Plain language
Official record
Bill Summary - 26LSO-0362 Bill No.: HB0075 Effective: Immediately LSO No.: 26LSO-0362 Enrolled Act No.: HEA No. 0019 Chapter No.: 60 Prime Sponsor: Clouston Catch Title: Virtual currency kiosks. Has Report: No Subject: Regulation of virtual currency kiosks. Summary/Major Elements: This act prohibits any person from owning, operating, or managing a virtual currency kiosk in Wyoming unless the person has been issued a license under the Wyoming Money Transmitters Act or is a financial institution and has been granted a charter under Title 13 of the Wyoming Statutes. This act creates a felony offense for operating a virtual currency kiosk without proper authorization, punishable by imprisonment for not less than three (3) years, a fine of not less than ten thousand dollars ($10,000.00), or both. This act requires the Wyoming State Banking Commissioner to promulgate rules regulating the operation of virtual currency kiosks by authorized persons. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.
Public statements
Last checked Aug 7, 1:58 PM
R · H32
Why they voted this way
The speaker supports concurring with Senate amendments to ensure safety measures are in place and fraud is decreased, noting that some businesses already comply while others do not.
R · H32
Why they voted this way
The lawmaker supports the bill because it addresses fraud and criminal activity involving virtual currency kiosks by establishing guardrails to distinguish legitimate operators from bad actors.
If a lawmaker is not listed, we couldn't find a published reason.
Wyoming roll calls
6 roll calls
Official activity
Changes
6 stored
Adopted Committee of the Whole by Representative Clouston
Corrected, Withdrawn Committee of the Whole by Representative Clouston
Divided Standing Committee by House Revenue Committee
Corrected, Adopted Standing Committee by House Revenue Committee
Corrected, Failed Standing Committee by House Revenue Committee
Adopted Standing Committee by Senate Minerals, Business and Economic Development Committee