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 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 graduated transaction limits, disclosure requirements, fraud prevention warnings, annual location reporting, and recordkeeping requirements;
- 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

Statutes affected:
Introduced: 53-6-102, 53-6-202, 63I-1-253
Substitute #1: 13-11-4, 53-6-102, 53-6-202, 63I-1-253