HB 380 KY

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Passed One Chamber

Amend various sections and create new sections of Subtitle 11 of KRS Chapter 286 to expand the scope of the subtitle to include virtual currency kiosk business; define terms; require licensure for virtual currency kiosk business in this state; require each virtual currency kiosk business location to be approved by the commissioner of the Department of Financial Institutions; require each application for a license to engage in virtual currency kiosk business to be accompanied by a surety bond or other similar security; establish requirements for approval to engage in virtual currency kiosk business at a location in this state; apply examination, investigation, recordkeeping, registered agent, and trade practice requirements to virtual currency kiosk operators; establish reporting, transaction, trade practice, notice, disclosure, fraud detection, and refund requirements for virtual currency kiosk operators; apply license and civil penalties to virtual currency kiosk operators; authorize the commissioner to order any virtual currency kiosk operator to provide refunds and to direct any peace officer to seize, impound, or render inoperable a virtual currency kiosk; establish the purpose of the Act; amend KRS 286.2-015 to authorize political subdivisions of this Commonwealth to enact and enforce ordinances, regulations, and resolutions pertaining to virtual currency kiosk business; create a new section of KRS Chapter 367 to provide that a violation of Subtitle 11 of KRS Chapter 286 by a virtual currency kiosk operator shall be deemed a violation of, and subject to the remedies and penalties of, KRS 367.170; repeal KRS 286.11-065, relating to licenses issued under former KRS Chapter 366; require the commissioner to promulgate emergency and ordinary administrative regulations to implement the Act within 30 days after the effective date of the Act; provide that persons shall not be required to comply with licensing and other provisions of the Act until certain contingencies are satisfied.

• T. Smith Republican · primary
• A. Thompson Republican · primary

1. Jan 14, 2026 introduced in House · lower
2. Jan 14, 2026 to Committee on Committees (H) · lower
3. Jan 22, 2026 to Banking & Insurance (H) · lower
4. Mar 4, 2026 reported favorably, 1st reading, to Calendar with Committee Substitute (1) · lower
5. Mar 4, 2026 floor amendment (1) filed to Committee Substitute · lower
6. Mar 5, 2026 2nd reading, to Rules · lower
7. Mar 9, 2026 posted for passage in the Regular Orders of the Day for Tuesday, March 10 2026 · lower
8. Mar 10, 2026 floor amendment (2) filed to Committee Substitute · lower
9. Mar 12, 2026 floor amendment (3) filed to Committee Substitute , floor amendment (4-title) filed to bill · lower
10. Mar 13, 2026 3rd reading, passed 85-0 with Committee Substitute (1), Floor Amendments (2) and (3) and Floor Amendment (4-title) · lower
11. Mar 16, 2026 received in Senate · upper
12. Mar 16, 2026 to Committee on Committees (S) · upper