This bill establishes regulations for virtual currency kiosks in Alaska, requiring operators to obtain a money transmission license and register with the state before conducting transactions. It mandates a 48-hour hold on the first transaction for new users, detailed reporting requirements for operators, and clear disclosures regarding the risks associated with virtual currency. The bill also outlines the necessity for operators to implement anti-fraud measures, including the use of blockchain analytics, and to provide customer service and training to staff on identifying potential fraud.

Additionally, the bill specifies penalties for non-compliance, including civil penalties and the potential seizure of kiosks. It clarifies that municipal regulations can impose stricter requirements than those outlined in the bill, and it amends existing definitions related to money transmission to include operating a virtual currency kiosk. The bill aims to protect consumers from fraud and ensure transparency in virtual currency transactions.

Statutes affected:
HB0324A, AM HB 324, introduced 02/23/2026: 40.25.110, 40.25.140, 06.55.130, 06.55.160, 06.55.830, 06.55.135, U.S.C, 06.55.140, 06.55.145, 06.55.150, 06.55.155, 06.55.165, 06.55.170, 06.55.172, 06.55.175, 06.55.180, 06.55.185, 06.55.120, 06.55.195, 45.50.471, 06.55.605, 06.55.190, 06.55.840, 06.55.990
HB0324B, AM CSHB 324(JUD), introduced 03/27/2026: 40.25.110, 40.25.140, 06.55.130, 06.55.160, 06.55.830, 06.55.120, 06.55.135, U.S.C, 06.55.140, 06.55.145, 06.55.150, 06.55.155, 06.55.165, 06.55.170, 06.55.175, 06.55.180, 06.55.185, 06.55.190, 06.55.115, 06.55.200, 45.50.471, 06.55.605, 06.55.195, 06.55.840, 06.55.990