The bill establishes a regulatory framework for the operation of virtual currency kiosks in Wyoming, creating new sections under the Wyoming Statutes. It defines key terms such as "virtual currency," "virtual currency kiosk," and outlines the requirements for individuals or entities wishing to operate these kiosks. Specifically, operators must either be licensed under the Wyoming Money Transmitters Act or be a chartered financial institution. Violations of these regulations are classified as misdemeanors, carrying penalties of imprisonment for a minimum of three years, fines of at least $10,000, or both. Additionally, the state banking commissioner is tasked with adopting rules to regulate these kiosks.

The bill also emphasizes the confidentiality of records related to the operation of virtual currency kiosks, allowing for exceptions where information may be disclosed to regulatory authorities or as mandated by court orders. Compliance with the new regulations will be required for all kiosk operators starting July 1, 2026, while the rules necessary for implementation will take effect immediately upon the bill's passage.