WyomingWyoming requires licenses for virtual currency kiosk operators
Kiosk owners, operators, and managers in Wyoming must hold a money transmitter license or a state bank charter, and knowing violations carry felony penalties.
What it does
Kiosk owners, operators, and managers must have a state money transmitter license or a state bank charter. Knowingly violating this rule is a felony punishable by prison, a fine, or both.
The banking commissioner must keep covered information and reports about kiosk operations confidential, with exceptions for sharing with specified officials or when a court orders disclosure.
Argument forLicensing and operating rules could help state officials oversee kiosks that let people exchange virtual currency for money or other currency.
Argument againstPeople who knowingly run a kiosk without a license or bank charter could face a felony, at least three years in prison, a fine of at least $10,000, or both.
More detail
A person may own, operate, or manage a virtual currency kiosk in Wyoming only with a money transmitter license or a state bank charter. A virtual currency kiosk is a publicly accessible electronic terminal that helps people exchange virtual currency for money, bank credit, or other virtual currency. A person who knowingly violates the license requirement commits a felony punishable by at least three years in prison, a fine of at least $10,000, or both. The banking commissioner must adopt rules for kiosk operations by people authorized under this law. People who already own, operate, or manage a kiosk must comply starting when the law takes effect. The law takes effect immediately after all steps required for it to become law are completed.
The banking commissioner must keep certain information and reports about kiosk operations confidential. This covers information or reports the commissioner obtains about kiosk operations from licensed money transmitters, chartered financial institutions, or people acting for them. The commissioner may disclose the information to officials or examiners from other states, federal regulators, appropriate prosecutors, or when a court orders disclosure.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 6Assigned Chapter Number 60Latest
- Mar 6Governor Mark Gordon Signed HEA No. 0019Became Law
- Mar 3S President Signed HEA No. 0019
- Vote recorded H Concur:Passed 58-1-3-0-0. Result: pass.Lower
- Mar 3H Speaker Signed HEA No. 0019
- Mar 3Assigned Number HEA No. 0019
- Mar 3H Concur:Passed 58-1-3-0-0
- Mar 2H Received for Concurrence
- Vote recorded S 3rd Reading:Passed 30-1-0-0-0. Result: pass.Upper
- Mar 2S 3rd Reading:Passed 30-1-0-0-0Passed Senate
- Feb 27S 2nd Reading:PassedMinor
- Feb 26S COW:PassedMinor
- Feb 25S Placed on General File
- Vote recorded S09 - Minerals:Recommend Amend and Do Pass 5-0-0-0-0. Result: pass.Upper
- Feb 25S09 - Minerals:Recommend Amend and Do Pass 5-0-0-0-0Minor
- Feb 23S Introduced and Referred to S09 - MineralsMinor
- Feb 23S Received for IntroductionMinor
- Feb 22H 3rd Reading:Passed 56-5-1-0-0Passed House
- Vote recorded H 3rd Reading:Passed 56-5-1-0-0. Result: pass.Lower
- Feb 20H 2nd Reading:PassedMinor
- Feb 20H COW:PassedMinor
- Feb 12H Placed on General File
- Vote recorded H03 - Revenue:Recommend Amend and Do Pass 8-0-1-0-0. Result: pass.Lower
- Feb 12H03 - Revenue:Recommend Amend and Do Pass 8-0-1-0-0Minor
- Feb 10H Introduced and Referred to H03 - Revenue 59-2-1-0-0Minor
- Vote recorded H Introduced and Referred to H03 - Revenue 59-2-1-0-0. Result: pass.Lower
- Feb 5H Received for IntroductionMinor
- Jan 31Bill Number AssignedIntroduced
Consumer Protection