AN ACT relating to the regulation of digital asset business.
to Committee on Committees (S)
Summary
The bill would make anyone running a virtual‑currency kiosk in Kentucky obtain a state license and submit regular financial and activity reports. It adds new definitions, fees, and penalties, and gives the Department of Financial Institutions authority to approve locations, deny applications, and enforce compliance. The goal is to increase consumer protection and oversight of digital‑asset services.
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