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Bill clarifies registration and prohibits kiosk operators from acting as ATMs
House Economic Matters Committee · March 25, 2026
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Summary
SB 741 would clarify that both owners and software operators of virtual‑currency kiosks must register with the Office of Financial Regulation and that kiosks are not ATMs; OFR and AARP backed the bill, citing fraud risks for older adults and the need to hold operators accountable.
Sydney Hamilton presented SB 741 as a technical clarification to last year's kiosk registration law, saying the bill would expand the definition of virtual currency kiosk operator and clarify the term "virtual currency service," and explicitly state that kiosks do not provide…
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