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Wyoming committee advances bill to regulate virtual‑currency kiosks after reports of widespread scams
Summary
The Senate Minerals Committee advanced House Bill 75 to require registration and oversight of virtual‑currency kiosks after testimony that kiosks have been used in scams targeting seniors, with the banking commissioner directed to adopt implementing rules. The committee added an immediate‑effect amendment and approved the bill on a roll call.
Representative Costin, the bill sponsor, told the Senate Minerals, Economic Development and Business Committee that House Bill 75 grew out of reports from local law enforcement and consumer groups about kiosk‑facilitated fraud that has hit older residents in particular. “My local law enforcement came to me and informed me about these virtual kiosks and all the fraud and abuse that was going on,” Representative Costin said, and she cited $3,000,000 in losses in Campbell County last year.
Banking Commissioner Jeremiah Bishop outlined how he would implement the measure through rules if it passes. Bishop said operators would have to register each kiosk location with the division, adopt transaction limits for non‑onboarded customers, require clear disclosures…
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