Mississippi legislation · 2026 Regular Session
Mississippi HB1625: Virtual currency kiosks; require licensure in accordance with Money Transmission Modernization Act.
Status: Signed into law, April 8, 2026
AN ACT TO CREATE THE MISSISSIPPI VIRTUAL CURRENCY KIOSK CONSUMER PROTECTION ACT; TO PROHIBIT A PERSON FROM OPERATING A VIRTUAL CURRENCY KIOSK WITHOUT BEING LICENSED UNDER THE MONEY TRANSMISSION MODERNIZATION ACT; TO DEFINE TERMS; TO REQUIRE CERTAIN DISCLOSURES BY VIRTUAL CURRENCY KIOSK OPERATORS REGARDING THE RISKS OF VIRTUAL CURRENCY KIOSK TRANSACTIONS; TO IMPLEMENT CERTAIN FRAUD PREVENTION MEASURES; TO REQUIRE VIRTUAL CURRENCY KIOSK OPERATORS TO PROVIDE RECEIPTS TO CUSTOMERS; TO PROVIDE CERTAIN TRANSACTION LIMITS FOR NEW CUSTOMERS AND FOR EXISTING CUSTOMERS; TO AMEND SECTIONS 75-16-21 AND 75-16-69, MISSISSIPPI CODE OF 1972, TO CONFORM WITH THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
What the bill says
An act to create the mississippi virtual currency kiosk consumer protection act; to prohibit a person from operating a virtual currency kiosk without being licensed under the money transmission modernization act; to define terms; to require certain disclosures by virtual currency kiosk operators regarding the risks of virtual currency kiosk transactions; to implement certain fraud prevention measures; to require virtual currency kiosk operators to provide receipts to customers; to provide certain transaction limits for new customers and for existing customers…
From the enrolled text, April 1, 2026:
AN ACT TO CREATE THE MISSISSIPPI VIRTUAL CURRENCY KIOSK CONSUMER PROTECTION ACT; TO PROHIBIT A PERSON FROM OPERATING A VIRTUAL CURRENCY KIOSK WITHOUT BEING LICENSED UNDER THE MONEY TRANSMISSION MODERNIZATION ACT; TO DEFINE TERMS; TO REQUIRE CERTAIN DISCLOSURES BY VIRTUAL CURRENCY KIOSK OPERATORS REGARDING THE RISKS OF VIRTUAL CURRENCY KIOSK TRANSACTIONS; TO IMPLEMENT CERTAIN FRAUD PREVENTION MEASURES; TO REQUIRE VIRTUAL CURRENCY KIOSK OPERATORS TO PROVIDE RECEIPTS TO CUSTOMERS; TO PROVIDE CERTAIN TRANSACTION LIMITS FOR NEW CUSTOMERS AND FOR EXISTING CUSTOMERS; TO AMEND SECTIONS 75-16-21 AND 75-16-69, MISSISSIPPI CODE OF 1972, TO CONFORM WITH THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. This act shall be known and may be cited as the "Mississippi Virtual Currency Kiosk Consumer Protection Act." SECTION 2. The definitions provided in Section 75-16-5 shall also apply to the terms used in this act, and for the purposes of this act, the following terms have the meanings as defined in this section, unless the context clearly indicates otherwise: (a) "Blockchain analytics" means the analysis of data from blockchains or public distributed ledgers, including associated transaction information to provide risk-specific *HR43/R1719SG* H. B. No. 1625 ~ OFFICIAL ~ G3/5 26/HR43/R1719SG PAGE 1 (ELS\KP) information about virtual currency transactions and virtual currency addresses. (b) "Blockchain …