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House committee advances HB72 to curb criminal use of cryptocurrency kiosks
Summary
The House Law Enforcement and Criminal Justice Committee adopted the second substitute of HB72 and an amendment, sending the measure to the floor. The bill would require licensing and registration of crypto‑kiosk operators, add consumer protections and receipts, mandate investigation reporting and law‑enforcement training, and set staged transaction limits to slow fraud.
The House Law Enforcement and Criminal Justice Committee on the morning of the hearing advanced HB72, a package of amendments aimed at preventing the criminal use of cryptocurrency kiosks.
Representative Wilcox, the bill sponsor, told the committee investigators have found crypto‑kiosk transactions tied to large frauds and trafficking. He said investigative data show a high rate of fraudulent transactions routed through such kiosks: "Upwards of 90 plus percent of, that the investigation has discovered that money that had been sent through…
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