AN ACT relating to the regulation of digital asset business.

Summary

The bill creates a new subtitle in Kentucky’s financial statutes that requires anyone operating a crypto ATM to obtain a state license and follow detailed record‑keeping, reporting, and compliance standards. It gives the state’s commissioner broad authority to issue licenses, set fees, inspect books, and take enforcement actions against unsafe or illegal kiosk operators. The goal is to protect consumers and prevent money‑laundering while allowing legitimate virtual‑currency services.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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