Bill > SF3868

This bill, titled "Virtual currency kiosks prohibition provision," proposes to ban the operation of virtual currency kiosks in Minnesota by making it illegal for any person to place or operate such a kiosk within the state. Virtual currency kiosks are machines that allow people to buy or sell virtual currency, like Bitcoin, using traditional money. The bill also repeals existing Minnesota statutes related to virtual currency kiosks, which previously outlined definitions for terms like "new customer" (someone using a kiosk for less than 72 hours), "existing customer" (someone using a kiosk for more than 72 hours), "virtual currency kiosk operator" (a licensed entity running a kiosk), and "virtual currency kiosk transaction" (any transaction involving a kiosk to buy or sell virtual currency for traditional money). These repealed sections also included detailed disclosure requirements for kiosk operators regarding the risks of virtual currency, transaction terms, and limits, as well as refund policies for new customers and daily transaction limits.

Business and Industry

https://www.revisor.mn.gov/bills/94/2026/0/SF/3868/