Wyoming moves to tighten rules for cryptocurrency kiosks; division seeks data on fraud rates
Wyoming's banking division proposed rules imposing identity checks, transaction limits, a 48‑hour hold for new users, blockchain analytics and a fee cap for virtual‑currency kiosks; the committee asked staff to draft legislation to codify uncapped civil penalties to back enforcement.
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Wyoming's banking regulator has proposed a new set of rules for physical cryptocurrency kiosks that would require operators to hold a money‑transmitter license or be a chartered financial institution, verify user identity, cap fees and retain blockchain analytics to assess fraud.
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