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CS/SB 198: Virtual Currency Kiosks

GENERAL BILL by Banking and Insurance ; Rouson ; (CO-INTRODUCERS) Arrington

Virtual Currency Kiosks; Revising the definition of the term “money services business”; revising the requirements for certain rules adopted by the Financial Services Commission; prohibiting a virtual currency kiosk business from operating in this state without registering or renewing its registration; specifying that certain money transmitters are exempt from registration as a virtual currency kiosk business but are subject to certain provisions; prohibiting certain entities from performing certain actions without being licensed as a money services business, etc.

Effective Date: Except as otherwise expressly provided in this act, this act shall take effect January 1, 2027
 Last Action: 2/5/2026 Senate - On Committee agenda-- Rules, 02/10/26, 9:00 am, 412 Knott Building
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Rules (RC)


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Bill History

Date Chamber Action
10/15/2025 Senate • Filed
11/3/2025 Senate • Referred to Banking and Insurance; Commerce and Tourism; Rules
1/13/2026 Senate • Introduced
1/23/2026 Senate • On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building
1/28/2026 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
1/29/2026 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Commerce and Tourism
1/30/2026 Senate • On Committee agenda-- Commerce and Tourism, 02/04/26, 10:30 am, 110 Senate Building
2/4/2026 Senate • Favorable by Commerce and Tourism; YEAS 9 NAYS 0
• CS by Banking and Insurance read 1st time
• Now in Rules
2/5/2026 Senate • On Committee agenda-- Rules, 02/10/26, 9:00 am, 412 Knott Building