Wyoming commissioner could fine people who break virtual currency kiosk rules

The state banking commissioner could impose a civil fine. It covers people found to break Wyoming's virtual currency kiosk provision or rules issued under it. The commissioner must give notice and a chance for a hearing before imposing a fine. The civil fine may be added to a criminal penalty. If enacted, this authority would take effect July 1, 2027.

The commissioner would choose each civil fine's amount. These rules apply to civil fines for violations of Wyoming's virtual currency kiosk provision or rules issued under it. The commissioner must consider how serious the violation was, including how many transactions or customers it affected. They must also weigh good faith, past kiosk violations, financial resources, and other matters they find appropriate. If enacted, these fine-setting rules would take effect July 1, 2027.