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KY HB823
Bill
Status
3/3/2026
Primary Sponsor
Tom Smith
Click for details
AI Summary
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Digital asset wallet providers must offer live customer service via toll-free telephone between 8:00 a.m. and 10:00 p.m. local Kentucky time
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Wallet providers must assist customers with resetting passwords, PINs, seed phrases, or other access credentials for self-hosted wallets
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Providers may require identity verification before providing reset assistance, using methods other than the forgotten credentials
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Violations constitute unfair or deceptive trade practices under KRS 367.170, subjecting providers to existing consumer protection remedies and penalties
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Attorney General may promulgate administrative regulations to enforce these requirements
Legislative Description
AN ACT relating to digital asset wallets.
Administrative Regulations and Proceedings
Last Action
to Banking & Insurance (H)
3/10/2026