HB 977: Virtual Currency Kiosk Businesses
GENERAL BILL by Steele ; Daley
Virtual Currency Kiosk Businesses; Requires OFR to supervise virtual currency kiosk businesses; provides legislative intent; prohibits virtual currency kiosk business from operating without registering; requires certain entities to be licensed as money services businesses; provides that registration is not transferable or assignable; specifies requirements for certain disclosures & attestations; requires registrant to transact business under its legal name; requires registrant to hold new customers' assets in initial transactions in segregated wallets for specified period before initiating transactions; authorizes customers to request refunds during such holding periods; authorizes such customers' assets to be sold at market value & returned to customers; requires certain customers to be queried for specified information; provides criminal penalties.
Last Action: 3/8/2024 House - Died in Insurance & Banking Subcommittee
Bill Text: PDF
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Bill History
Date Chamber Action 12/20/2023 House • Filed
1/5/2024 House • Referred to Insurance & Banking Subcommittee
• Referred to State Administration & Technology Appropriations Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
1/9/2024 House • 1st Reading (Original Filed Version)
3/8/2024 House • Died in Insurance & Banking Subcommittee
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HB 977, Original Filed Version (Current Bill Version) Posted 12/20/2023 at 4:20 PM
Bill Text: PDF Analyses: None Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1059 Fees/Virtual Currency Kiosks Steele Linked Last Action: 1/9/2024 H Withdrawn prior to introduction 
S 662 (c1) Virtual Currency Kiosk Businesses Burton Similar Last Action: 3/8/2024 S Died in Fiscal Policy
S 1182 Fees/Virtual Currency Kiosk Business Burton Compare Last Action: 3/8/2024 S Died in Banking and Insurance
Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 560.103 Definitions. Page 3 (pdf) 560.105 Supervisory powers; rulemaking. Page 4 (pdf) 560.501 Page 5 (pdf) 560.502 Page 5 (pdf) 560.503 Page 7 (pdf) 560.504 Page 11 (pdf) 560.505 Page 15 (pdf) 560.506 Page 16 (pdf) 560.507 Page 17 (pdf)