AN ACT relating to the regulation of digital asset business.

Summary

The law creates a new subtitle in Kentucky’s financial code that obligates anyone who owns, operates, markets, or facilitates a virtual‑currency kiosk to obtain a state license. It defines terms such as “virtual currency,” “kiosk,” and “responsible individual,” and gives the commissioner power to enforce the rules and seek court action. The aim is to protect consumers and deter criminal activity linked to crypto ATMs.

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