Minnesota HF3642: Virtual currency kiosks prohibited, and customer payouts provided.

What the bill says

A bill for an act relating to commerce; prohibiting virtual currency kiosks; providing for customer payouts; amending Minnesota Statutes 2024, section 53B.69, subdivision 10; proposing coding for new law in Minnesota Statutes, chapter 53B; repealing Minnesota Statutes 2024, sections 53B.69, subdivisions 3b, 3c; 53B.75, subdivisions 1, 2, 3, 4, 5.

From the engrossed text, March 23, 2026:

A bill for an act relating to commerce; prohibiting virtual currency kiosks; providing for customer payouts; amending Minnesota Statutes 2024, section 53B.69, subdivision 10; proposing coding for new law in Minnesota Statutes, chapter 53B; repealing Minnesota Statutes 2024, sections 53B.69, subdivisions 3b, 3c; 53B.75, subdivisions 1, 2, 3, 4, 5. Section 1. Minnesota Statutes 2024, section 53B.69, subdivision 10, is amended to read: Subd. 10. Virtual currency kiosk. "Virtual currency kiosk" means an electronic terminal acting as a mechanical agentnew text begin [ADDED: or a person acting on behalf] new text end of the virtual currency kiosk operator to enable the virtual currency kiosk operator to facilitate the exchange of virtual currency for money, bank credit, or other virtual currency, including but not limited to by (1) connecting directly to a separate virtual currency exchanger that performs the actual virtual currency transmission, or (2) drawing upon the virtual currency in the possession of the electronic terminal's operator. Sec. 2. new text begin [ PROHIBITION.] new text end new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Virtual currency kiosks prohibited.] new text end new text begin [ADDED: (a) Beginning August 1, 2026, a person is prohibited from installing, operating, maintaining, or making available for use a virtual currency kiosk.] new text end new text begin [ADDED: …

Read the full official text

Sponsors

• Erin Koegel (D) · primary sponsor
• Bernie Perryman (R)
• Paul Novotny (R)
• Kelly Moller (D)
• Mike Freiberg (D)
• Jeff Witte (R)
• Ben Bakeberg (R)
• Jessica Hanson (D, 55A)
• Natalie Zeleznikar (R)
• Anderson, P. E. (R)
• Brad Tabke (D)
• Liish Kozlowski (D, 08B)

Latest actions

1. April 22, 2026: Authors added Tabke, Kozlowski, Hollins, and Norris
2. April 20, 2026: Authors added Zeleznikar and Anderson, P. E.
3. April 13, 2026: HF indefinitely postponed
4. April 13, 2026: Bills not identical, SF substituted on General Register
5. April 9, 2026: Referred to Chief Clerk for comparison with SF3868
6. April 7, 2026: Author added Hanson, J.
7. March 26, 2026: Author added Bakeberg
8. March 25, 2026: Author added Witte
9. March 23, 2026: Author added Freiberg
10. March 23, 2026: Second reading

Common questions

What is HF3642?

HF3642 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Virtual currency kiosks prohibited, and customer payouts provided.

What does HF3642 do?

In its own words: A bill for an act relating to commerce; prohibiting virtual currency kiosks; providing for customer payouts; amending Minnesota Statutes 2024, section 53B.69, subdivision 10; proposing coding for new law in Minnesota Statutes, chapter 53B; repealing Minnesota Statutes 2024, sections 53B.69, subdivisions 3b, 3c; 53B.75, subdivisions 1, 2, 3, 4, 5.

What is the status of HF3642?

In committee as of April 22, 2026. Latest action: Authors added Tabke, Kozlowski, Hollins, and Norris (April 22, 2026).

Who sponsored HF3642?

Erin Koegel (D), with 11 co-sponsors.

Where is the official record for HF3642?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=HF3642&y=2025&ssn=0&b=house