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CS/SB 198: Virtual Currency Kiosks

GENERAL BILL by Banking and Insurance ; Rouson

Virtual Currency Kiosks; Revising the definition of the term “money services business”; revising the requirements for certain rules adopted by the Financial Services Commission; prohibiting a virtual currency kiosk business from operating in this state without registering or renewing its registration; specifying that certain money transmitters are exempt from registration as a virtual currency kiosk business but are subject to certain provisions; prohibiting certain entities from performing certain actions without being licensed as a money services business, etc.

Effective Date: Except as otherwise expressly provided in this act, this act shall take effect January 1, 2027
 Last Action: 1/29/2026 Senate - Now in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    10/15/2025 Senate • Filed
    11/3/2025 Senate • Referred to Banking and Insurance; Commerce and Tourism; Rules
    1/13/2026 Senate • Introduced
    1/23/2026 Senate • On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building
    1/28/2026 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
    1/29/2026 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Commerce and Tourism

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  • CS/SB 198, Committee Substitute 1 (Current Bill Version) Posted 1/29/2026 at 2:19 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 505 (c1) Virtual Currency Kiosks Commerce Committee Similar Last Action: 1/28/2026 H CS Filed Track This Bill

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    560.103 Definitions. Page 3 (pdf)
    560.105 Supervisory powers; rulemaking. Page 4 (pdf)
    560.501 Page 4 (pdf)
    560.502 Page 5 (pdf)
    560.503 Page 6 (pdf)
    560.504 Page 10 (pdf)
    560.505 Page 11 (pdf)
    560.506 Page 12 (pdf)
    560.507 Page 12 (pdf)

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  • SB 198, Original Filed Version Posted 10/15/2025 at 11:06 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/27/2026 (pdf)
    Banking and Insurance (Post-Meeting) 1/29/2026 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 505 (c1) Virtual Currency Kiosks Commerce Committee Similar Last Action: 1/28/2026 H CS Filed Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    695850 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Rouson)     		1/27/2026
    10:31 AM     		Replaced by Substitute Amendment
    1/29/2026     		Web Page
    PDF
    hierarchy 959472 - Substitute Amendment (Delete All) (695850)
    Delete everything after the enacting clause and insert:     		Banking and Insurance
    (Rouson)     		1/28/2026
    8:08 AM     		Replaced by Committee Substitute
    1/29/2026     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/28/2026 10:30 AM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    560.215 Page 1 (pdf)

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