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Senate committee clears securities department bill on virtual currency kiosks and data security
2840964 · April 1, 2025
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Summary
The committee approved agency‑sponsored updates to the Uniform Money Services Act to add anti‑fraud and compliance requirements for virtual currency kiosks and new data‑security expectations for money services licensees.
The Arkansas Securities Department presented an agency bill that would update the Uniform Money Services Act to (1) add a regulatory framework for virtual currency kiosks with anti‑fraud disclosures and transaction limits and (2) require data‑security obligations for money services licensees consistent with model rules, testimony…
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