Wyoming HB0075: Virtual currency kiosks

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About the Legislation:

Establishes a regulatory framework for virtual currency kiosks, requiring operators to be licensed under the Wyoming Money Transmitters Act or operate as a chartered financial institution, defining key terms and applicability of the law. The bill imposes significant penalties for unauthorized operation, including felony charges, and directs the State Banking Commissioner to develop rules governing kiosk operations. It also includes confidentiality provisions for regulatory information and requires existing operators to comply upon enactment, though implementation details remain dependent on forthcoming rules.

State Association Contact

Jeremiah Bishop, Wyoming Banking Commissioner

About the Legislation:

State Association Contact

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