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IntroducedDec 20, 2023
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Passed House
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Passed Senate
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Signed into Law
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 See all actions
House • Mar 08, 2024: Died in Insurance & Banking Subcommittee
Latest Bill Text See all bill texts
Official Summary/Bill Text
Comments on HB 977
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Actions
- Mar 08, 2024 | House
- Died in Insurance & Banking Subcommittee
- Jan 09, 2024 | House
- 1st Reading (Original Filed Version)
- Jan 05, 2024 | House
- Referred to Insurance & Banking Subcommittee
- Referred to State Administration & Technology Appropriations Subcommittee
- Referred to Commerce Committee
- Now in Insurance & Banking Subcommittee
- Dec 20, 2023 | House
- Filed
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