SB 489 VA

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Became Law

Financial institutions and services; virtual currency kiosk operators; license required; penalties. Establishes requirements for the operation of virtual currency kiosks, as defined in the bill, including a requirement that a virtual currency kiosk operator obtain licensure with the State Corporation Commission. The bill requires operators to file annual and quarterly reports, provide certain disclosures, and take reasonable steps to detect and prevent fraud and money laundering. The bill prohibits operators from accepting transactions above specified daily and monthly limits and establishes a maximum transaction charge of 18 percent of the value of such transaction. A person who violates the bill's provisions is subject to a fine of up to $1,000 per violation as well as the existing enforcement provisions of the Virginia Consumer Protection Act. This bill is identical to HB 665.

• Saddam Azlan Salim Democratic · primary

1. Jan 13, 2026 Prefiled and ordered printed; Offered 01-14-2026 26104942D · upper
2. Jan 13, 2026 Referred to Committee on Commerce and Labor · upper
3. Jan 26, 2026 Fiscal Impact Statement from State Corporation Commission (SB489) · upper
4. Jan 26, 2026 Senate committee offered · upper
5. Jan 26, 2026 Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations (11-Y 0-N 4-A) · upper
6. Jan 27, 2026 Committee substitute printed 26106150D-S1 · upper
7. Feb 4, 2026 Reported from Finance and Appropriations · upper
8. Feb 5, 2026 Rules suspended · upper
9. Feb 5, 2026 Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) · upper
10. Feb 5, 2026 Passed by for the day (Voice Vote) · upper
11. Feb 5, 2026 Fiscal Impact Statement from State Corporation Commission (SB489) · upper
12. Feb 6, 2026 Read second time · upper
13. Feb 6, 2026 Commerce and Labor Substitute agreed to · upper
14. Feb 6, 2026 Engrossed by Senate - committee substitute (Voice Vote) · upper
15. Feb 9, 2026 Read third time and passed Senate (40-Y 0-N 0-A) · upper
16. Feb 12, 2026 Placed on Calendar · lower
17. Feb 12, 2026 Read first time · lower
18. Feb 12, 2026 Referred to Committee on Communications, Technology and Innovation · lower
19. Feb 23, 2026 House committee offered · lower
20. Feb 23, 2026 Reported from Communications, Technology and Innovation with amendment(s) (19-Y 3-N) · lower
21. Feb 23, 2026 House committee offered · lower
22. Feb 25, 2026 Read second time · lower
23. Feb 26, 2026 Read third time · lower
24. Feb 26, 2026 committee amendments agreed to · lower
25. Feb 26, 2026 Engrossed by House as amended · lower
26. Feb 26, 2026 Passed House with amendments (86-Y 10-N 0-A) · lower
27. Mar 2, 2026 House Amendments agreed to by Senate (40-Y 0-A 0-A) · upper
28. Mar 5, 2026 Enrolled · upper
29. Mar 5, 2026 Bill text as passed Senate and House (SB489ER) · upper
30. Mar 5, 2026 Signed by Speaker · lower
31. Mar 5, 2026 Signed by President · upper
32. Mar 10, 2026 Enrolled Bill communicated to Governor on March 10, 2026 · upper
33. Mar 10, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
34. Mar 24, 2026 Fiscal Impact Statement from State Corporation Commission (SB489) · upper
35. Apr 13, 2026 Approved by Governor-Chapter 655 (effective 7/1/2026) · executive
36. Apr 13, 2026 Acts of Assembly Chapter text (CHAP0655) · executive

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Chaptered · PDF
• Chaptered · HTML
• Enrolled · PDF
• Enrolled · HTML
• House Amendments · HTML
• Communications, Technology and Innovation Amendment · HTML
• Communications, Technology and Innovation Amendment · HTML
• Commerce and Labor Substitute · PDF
• Commerce and Labor Substitute · HTML
• Commerce and Labor Substitute · PDF
• Commerce and Labor Substitute · HTML
• Introduced · PDF
• Introduced · HTML