This bill creates cryptocurrency training requirements for law enforcement and consumer protections for digital asset kiosks.
This bill:
- requires specialized cryptocurrency investigation training for designated officers;
- requires prosecuting agencies to certify at least one employee as a digital asset specialist;
- requires local law enforcement agencies to report cryptocurrency investigation data to the Commission on Criminal and Juvenile Justice (commission);
- requires the commission to provide annual summary reports to the Legislature;
- requires licensing and registration for virtual currency kiosk operators;
- establishes consumer protection requirements for virtual currency kiosks, including transaction limits, fee restrictions, disclosure requirements, and fraud prevention warnings;
- provides enforcement authority to the commissioner and the attorney general, including administrative penalties, license sanctions, and civil actions for violations of virtual currency kiosk regulations;
- provides for legislative sunset review of cryptocurrency investigation reporting requirements; and
- makes technical and conforming changes.
Recommended by: Law Enforcement and Criminal Justice Interim Committee