BANKS/BANKING: Provide relative to virtual currency kiosks
HB 483 is a technical amendment to existing banking law that updates the definition of "virtual currency" to explicitly include "kiosk" as a method of transaction. The bill makes no new policy changes but clarifies that virtual currency kiosks fall under current banking regulations. This procedural update affects how existing banking rules apply to businesses operating virtual currency kiosks, ensuring they are covered under current oversight. The bill passed committee and moved to third reading with no opposition.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2025
Committee Review
Jun 2025
House Passage
Jun 2025
Senate Passage
Jun 2025
Signed into Law
Jun 2025
Introduced Apr 4, 2025
Signed Jun 20, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
HB483 Original
→
HB483 Act
·
4 edits
MODERATE
The bill was enacted as Act No. 369, expanding the scope of virtual currency regulations by adding new sections on blockchain analytics, anti-fraud policies, and enhanced due diligence. The primary changes include updating the list of defined terms, requiring operators to use blockchain analytics to prevent fraud, and mandating specific policies to identify at-risk individuals.
Scope change
The bill's scope was expanded to include new regulatory requirements for blockchain analytics, anti-fraud measures, and enhanced due diligence policies for virtual currency kiosk operators.
DEFINITION
Added new definitions for 'Virtual currency kiosk operator' and 'Virtual currency kiosk transaction' to clarify who is subject to the law.
REQUIREMENT
Added a requirement for all operators to use blockchain analytics software to prevent sending purchased currency to known fraudulent wallets.
Added a mandate for operators to implement a written anti-fraud policy that includes risk assessment and monitoring procedures.
Added a requirement for operators to enforce an Enhanced Due Diligence Policy reviewed by their board of directors, specifically identifying individuals at risk of fraud based on age or mental capacity.
Floor votes · Senate Jun 8, 2025 · House May 12, 2025
How they voted
37–0
Passed
Total votes 37
Jun 8, 2025
D
Democratic11
100% Yea
R
Republican26
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
23
Key actions
5
Committee
5
Jun 10, 2025
Lower · Passed
Read by title, roll called, yeas 86, nays 0, Senate amendments concurred in.
lower
Jun 8, 2025
Upper · Passed
Senate floor amendments read and adopted. Read by title, passed by a vote of 39 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
upper
Jun 1, 2025
Committee
Read by title and referred to the Legislative Bureau.
upper
May 29, 2025
Upper · Passed
Reported favorably.
upper
May 12, 2025
Lower · Passed
Read third time by title, amended, roll called on final passage, yeas 98, nays 0. Finally passed, title adopted, ordered to the Senate.
lower
May 6, 2025
Lower · Passed
Reported with amendments (15-0).
lower
Apr 14, 2025
Committee
Read by title, under the rules, referred to the Committee on Commerce.
lower
Apr 4, 2025
Committee
Under the rules, provisionally referred to the Committee on Commerce.
lower
1 primary · 9 co-sponsors
Sponsors
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