An Act relating to virtual currency kiosks; relating to transactions involving virtual currency; and relating to unfair trade or deceptive acts or practices.

Summary

The bill adds new rules to Alaska’s money‑transmission statutes, mandating that anyone who runs a virtual‑currency kiosk must hold a money‑transmission license, register with the department, and get prior approval before locating a kiosk. Operators must file quarterly reports on each kiosk and an annual report covering revenues, transaction volumes, complaints, refunds and suspicious‑activity filings. The department keeps the raw data confidential but will publish a composite annual summary for the public.

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