HB380
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Amend various sections and create new sections of Subtitle 11 of KRS Chapter 286 to expand the scope of the subtitle to include virtual currency kiosk business; define terms; require licensure for virtual currency kiosk business in this state; require each virtual currency kiosk business location to be approved by the commissioner of the Department of Financial Institutions; require each application for a license to engage in virtual currency kiosk business to be accompanied by…
Introduced: January 14, 2026
Last action: March 16, 2026
Plain-language summary
This bill sets new rules for businesses that operate virtual currency kiosks, sometimes called Bitcoin ATMs, in Kentucky. It requires those businesses to obtain a license, get each kiosk location approved by the state Department of Financial Institutions, and follow specific rules around disclosures, fraud prevention, refunds, and recordkeeping. State regulators would have the power to fine operators, order refunds to customers, and even have kiosks seized if the rules are broken. Who it may…
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Legislative History
Primary Sponsor
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