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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.

Effective Date: Except as otherwise expressly provided in this act, this act shall take effect January 1, 2027.
 Last Action: 3/12/2026 House - Ordered engrossed, then enrolled
Bill Text: PDF
Senate Committee References:
  1. Rules (RC)


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Bill History

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