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RI S2648
Bill
Status
Introduced
2/27/2026
Primary Sponsor
Victoria Gu
Click for details
AI Summary
- Expands the definition of "virtual currency kiosk operator" to include not only kiosk owners but also non-owners and any person or business that facilitates or enables virtual currency purchases through digital products or applications requiring in-person payment
- Broadens "virtual currency kiosk transaction" to cover transactions completed through digital applications that direct customers to remit payment in person, including through clerks or other intermediaries
- Applies regulatory coverage regardless of whether the operator owns the kiosks or provides custodial or non-custodial services
- Amends Section 19-14.3-1.1 of Rhode Island General Laws governing currency transmissions under the Department of Business Regulation, Division of Banking
- Takes effect immediately upon passage
Legislative Description
Expands the definition of operator to anyone who enables customers to purchase virtual currency. Expands the definition of a transaction to include a digital product or application where payment is made in person or through a third party intermediary.
Financial Institutions
Last Action
Introduced, referred to Senate Commerce
2/27/2026
Committee Referrals
Commerce2/27/2026
Full Bill Text
No bill text available