Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate committee approves amended virtual-currency kiosk rules, sends bill forward 5-0
Summary
After negotiations with industry and the Department of Financial Institutions, the Senate Industry and Business Committee approved amendments and recommended a do-pass on House Bill 1447 regulating virtual-currency kiosks, including a $2,000 transaction limit and other consumer protections.
The Senate Industry and Business Committee voted unanimously to pass amended language for House Bill 1447, a bill that would regulate virtual-currency kiosks in North Dakota and set transaction limits and consumer-protection requirements.
The committee adopted amendments offered by the Department of Financial Institutions and approved the bill as amended by a 5-0 vote. Scott Meske, representing Bitcoin Depot, urged the committee to adopt the version that passed the House and asked for additional time to work with regulators on language. "We would like an opportunity to work with, the agency and folks…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
