§ 19-14.3-3.9. Virtual currency kiosk operator licensing and kiosk registration.
(a) A virtual currency kiosk operator shall not engage in virtual currency business activity or hold itself out as being able to engage in virtual currency business activity with or on behalf of another person unless the virtual currency kiosk operator is licensed in the state as a money transmitter.
(b) A virtual currency kiosk operator shall not locate, or allow a third party to locate, a virtual currency kiosk in this state unless the virtual currency kiosk operator registers the virtual currency kiosk and obtains the prior approval of the department of business regulation (DBR) for its activation.
(c) A virtual currency kiosk operator shall submit to the DBR a quarterly report of the location of each virtual currency kiosk located within the State of Rhode Island within forty-five (45) days of the end of each calendar quarter. The report shall include, at a minimum, the following:
(1) The virtual currency kiosk operator’s legal name;
(2) Any fictitious or trade name of the virtual currency kiosk operator;
(3) Physical address of each virtual currency kiosk;
(4) Start date of operation of each virtual currency kiosk at the location;
(5) End date of operation of each virtual currency kiosk at the location, if applicable; and
(6) Virtual currency address(es) associated with each virtual currency kiosk.
History of Section.
P.L. 2025, ch. 113, § 2, effective June 23, 2025; P.L. 2025, ch. 114, § 2, effective
June 23, 2025.