WY HB0075

Virtual currency kiosk operators in Wyoming must hold either a Wyoming Money Transmitter license or a state-chartered financial institution charter to legally own, operate, or manage kiosks

Knowingly operating a virtual currency kiosk without proper licensure is a felony punishable by minimum 3 years imprisonment, minimum $10,000 fine, or both

Virtual currency kiosks are defined as publicly accessible electronic terminals that facilitate exchange of virtual currency for money, bank credit, or other virtual currency

Information and reports obtained by the state banking commissioner regarding kiosk operations are confidential, with exceptions for sharing with other state officials, federal regulators, prosecutors, or court orders

Existing kiosk operators must comply immediately upon the act's effective date, and the banking commissioner must promulgate implementing rules