Kentucky
General Assembly

01/14/26	introduced in House to Committee on Committees (H)
01/22/26	to Banking & Insurance (H)
03/04/26	reported favorably, 1st reading, to Calendar with Committee Substitute (1) floor amendment (1) filed to Committee Substitute
03/05/26	2nd reading, to Rules
03/09/26	posted for passage in the Regular Orders of the Day for Tuesday, March 10 2026
03/10/26	floor amendment (2) filed to Committee Substitute

Amendment	House Committee Substitute 1
Fiscal Impact Statements	Corrections Impact to House Committee Substitute 1 Local Mandate to House Committee Substitute 1
Summary	Retain original provisions; except establish Subtitle 13 of KRS Chapter 286 and create new sections thereof to regulate virtual currency kiosk business; establish definitions and exemptions; provide for enforcement by the commissioner of the Department of Financial Institutions; authorize the commissioner to require licensees to file special and regular reports; establish license requirements for virtual currency kiosks; permit regulatory filings to be submitted to a nationwide licensing system registry; establish initial and renewal application processes and requirements, reporting, bond and tangible net worth, and change of control requirements for virtual currency kiosk operators; require the commissioner to promulgate administrative regulations to establish format, document submission, and fee requirements for virtual currency kiosk operators; establish agent, record retention, and permissible investment requirements for virtual currency kiosk operators; establish virtual currency kiosk transaction limits, disclosures, receipt requirements, trade practice requirements, prohibited practices, anti-fraud and information security compliance procedures, and refund requirements; authorize the commissioner to accept complaints and conduct investigations and examinations; provide for the confidentiality of certain documents provided to the commissioner; authorize the commissioner to share, disclose, and report information and take other actions to assist in the commissioner's duties; require the commissioner to publish an annual report on the department's website; establish due process requirements for adverse actions taken by the commissioner against licensees and other persons; establish requirements for the denial, suspension, or revocation of a license; authorize the commissioner to enter cease and desist orders and emergency orders; authorize the commissioner to order civil penalties; establish criminal penalties for false records and unlicensed activity; amend KRS 431.073 to authorize expungement of a Class D felony under the virtual currency kiosk business subtitle; require the commissioner of the Department of Financial Institutions to promulgate any required emergency and ordinary administrative regulations on or before January 1, 2027; EFFECTIVE, in part, April 30, 2027.
Index Headings	Administrative Regulations And Proceedings - Department of Financial Institutions, virtual currency kiosk operators, regulation Attorney General - Virtual currency kiosk operators, Consumer Protection Act, enforcement Banks And Financial Institutions - Virtual currency kiosk operators, regulation Commerce - Virtual currency kiosk operators, regulation Consumer Protection - Virtual currency kiosk operators, regulation Crimes And Punishments - Virtual currency kiosk operators, criminal penalties Digital Assets - Virtual currency kiosk operators, regulation Effective Dates, Delayed - Virtual currency kiosk operators, regulation, April 30, 2027 Licensing - Virtual currency kiosk operators Local Government - Virtual currency kiosk operators, regulation Peace Officers And Law Enforcement - Virtual currency kiosk operators, enforcement Reports Mandated - Department of Financial Institutions, virtual currency kiosks, regulation State Agencies - Department of Financial Institutions, virtual currency kiosks, regulation

Amendment	House Floor Amendment 1
Sponsor	M. Meredith
Summary	Retain original provisions, except make technical amendment; add definition of "new virtual currency kiosk user"; apply certain transaction limits, and 72 hour hold or refund requirement, to new virtual currency kiosk users.
Index Headings	Banks And Financial Institutions - Virtual currency kiosk operators, regulation, transaction requirements Commerce - Virtual currency kiosk operators, regulation, transaction requirements Consumer Protection - Virtual currency kiosk operators, regulation, transaction requirements Digital Assets - Virtual currency kiosk operators, regulation, transaction requirements Technical Corrections - HB 380

Amendment	House Floor Amendment 2
Sponsor	M. Meredith
Summary	Retain original provisions, except make technical amendments; add definition of "new virtual currency kiosk user"; apply certain transaction limits, and 72 hour hold or refund requirement, to new virtual currency kiosk users.
Index Headings	Banks And Financial Institutions - Virtual currency kiosk operators, regulation, transaction requirements Commerce - Virtual currency kiosk operators, regulation, transaction requirements Consumer Protection - Virtual currency kiosk operators, regulation, transaction requirements Digital Assets - Virtual currency kiosk operators, regulation, transaction requirements Technical Corrections - HB 380