Maryland SB741: Financial Institutions and Activities - Virtual Currency Kiosks - Alterations

What the bill says

An act concerning Financial Institutions and Activities - Virtual Currency Kiosks - Alterations FOR the purpose of altering the definition of "virtual currency kiosk operator" to include a person who installs or operates certain software that enables a certain device to provide certain virtual currency services; altering the definition of "virtual currency services" to exclude the accepting or dispensing of cash in connection with a credit, deposit, or convenience account…

From the enrolled text, May 18, 2026:

AN ACT concerning Financial Institutions and Activities - Virtual Currency Kiosks - Alterations FOR the purpose of altering the definition of "virtual currency kiosk operator" to include a person who installs or operates certain software that enables a certain device to provide certain virtual currency services; altering the definition of "virtual currency services" to exclude the accepting or dispensing of cash in connection with a credit, deposit, or convenience account; clarifying that a virtual currency kiosk operator shall ensure the kiosk does not offer the same services as an automated teller machine; and generally relating to the regulation of virtual currency kiosks. BY repealing and reenacting, without amendments, Article - Financial Institutions Section 1-401(a) and (d) and 12-1201(a) Annotated Code of Maryland (2020 Replacement Volume and 2025 Supplement) BY repealing and reenacting, with amendments, Article - Financial Institutions Section 12-1201(e), (f), and (g) and 12-1207 Annotated Code of Maryland (2020 Replacement Volume and 2025 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows: Article - Financial Institutions 1-401. (a) In this subtitle the following words have the meanings indicated. (d) (1) "Automated teller machine" means any electronic information processing device located in this State which accepts or dispenses cash in connection with a credit, deposit, or convenience account. (2) …

Read the full official text

Sponsors

• Pamela Beidle (D, 32) · primary sponsor
• Shelly Hettleman (D, 11)

Latest actions

1. May 12, 2026: Approved by the Governor - Chapter 417
2. April 10, 2026: Returned Passed
3. April 10, 2026: Third Reading Passed (134-0)
4. April 8, 2026: Favorable Adopted Second Reading Passed
5. April 8, 2026: Favorable Report by Economic Matters
6. March 16, 2026: Hearing 3/24 at 1:00 p.m.
7. March 13, 2026: Referred Economic Matters
8. March 12, 2026: Third Reading Passed (44-0)
9. March 10, 2026: Second Reading Passed
10. March 10, 2026: Favorable Adopted

Votes

• Third Reading Passed (134-0) (April 10, 2026): 134 yea, 0 nay, passed
• Third Reading Passed (44-0) (March 12, 2026): 44 yea, 0 nay, passed

Common questions

What is SB741?

SB741 is a bill in the Maryland Legislature (2026 Regular Session): Financial Institutions and Activities - Virtual Currency Kiosks - Alterations.

What does SB741 do?

In its own words: An act concerning Financial Institutions and Activities - Virtual Currency Kiosks - Alterations FOR the purpose of altering the definition of "virtual currency kiosk operator" to include a person who installs or operates certain software that enables a certain device to provide certain virtual currency services; altering the definition of "virtual currency services" to exclude the accepting or dispensing of cash in connection with a credit, deposit, or convenience account…

What is the status of SB741?

Signed into law as of May 12, 2026. Latest action: Approved by the Governor - Chapter 417 (May 12, 2026).

Who sponsored SB741?

Pamela Beidle (D, 32), with 1 co-sponsor.

Where is the official record for SB741?

On the Maryland Legislature website: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0741?ys=2026RS