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- 2026 LEGISLATURE LRBs0480/1 ARG:wlj/emw/cdc ASSEMBLY SUBSTITUTE AMENDMENT 2, TO ASSEMBLY BILL 968 February 18, 2026 - Offered by Representative S NYDER .
- 2026 LEGISLATURE LRB-5468/1 ARG:wlj&emw ASSEMBLY BILL 968 January 30, 2026 - Introduced by Representatives S NYDER , DOYLE, G UNDRUM , N OVAK, M ELOTIK, MC CARVILLE , AYLOR , ARMSTRONG , CALLAHAN , DESMIDT, D ITTRICH, DONOVAN , FITZGERALD , B.
JACOBSON , JOERS, KAUFERT , K NODL, K REIBICH, M URPHY, M URSAU , O'C ONNOR , ORTIZ-VELEZ, P ENTERMAN , PIWOWARCZYK , INICKI, PIROS , UBECK , UDELL and BILLINGS, cosponsored by Senator JAMES .
Referred to Committee on Financial Institutions.
The bill requires a virtual currency kiosk operator to affix a specified printed warning to the front of each virtual currency kiosk and to electronically display this warning on - 2026 Legislature - 2 - LRBs0480/1 ARG:wlj/emw/cdc S ECTION 1 the kiosk’s screen, which the customer must acknowledge to proceed with the transaction.
The bill requires a virtual currency kiosk operator to affix a specified printed warning to the front of each virtual currency kiosk and to electronically display this warning on the kiosk’s screen, which the customer must acknowledge to proceed with the transaction.
Before entering into an initial transaction with an individual, a virtual currency kiosk operator must verify the individual’s identity by collecting certain information, including the individual’s full legal name, date of birth, and contact information, and obtaining a copy of the individual’s driver’s license, passport, or other government-issued identification document.
Before entering - 2026 Legislature - 2 - LRB-5468/1 ARG:wlj&emw ASSEMBLY BILL 968 SECTION 1 into an initial transaction with an individual, a virtual currency kiosk operator must verify the individual’s identity by collecting certain information, including the individual’s full legal name, date of birth, and contact information, and obtaining a copy of the individual’s driver’s license, passport, or other government-issued identification document.
221.0303, remote - 2026 Legislature - 3 - LRBs0480/1 ARG:wlj/emw/cdc SECTION 1 service units under ss.
221.0303, remote service units under ss.
(b) “Fiat currency” means a medium of exchange that is authorized or adopted by the federal government as part of its currency and is not backed by a commodity.
- 2026 Legislature - 3 - LRB-5468/1 ARG:wlj&emw ASSEMBLY BILL 968 SECTION 1 (b) “Fiat currency” means a medium of exchange that is authorized or adopted by the federal government as part of its currency and is not backed by a commodity.
(2) L ICENSE REQUIRED.
(2) LICENSE REQUIRED .
or claiming your computer was hacked.IF SOMEONE YOU - 2026 Legislature - 4 - LRBs0480/1 ARG:wlj/emw/cdc SECTION 1 DON’T KNOW IS ASKING YOU TO SEND VIRTUAL CURRENCY FROM THIS MACHINE, DO NOT PROCEED WITH THE TRANSACTION.
or claiming your computer was hackedIF SOMEONE YOU DON’T KNOW IS ASKING YOU TO SEND VIRTUAL CURRENCY FROM THIS MACHINE, DO NOT PROCEED WITH THE TRANSACTION.
LOSSES DUE TO FRAUDULENT OR ACCIDENTAL TRANSACTIONS MAY NOT BE RECOVERABLE.
LOSSES DUE TO - 2026 Legislature - 4 - LRB-5468/1 ARG:wlj&emw ASSEMBLY BILL 968 SECTION 1 FRAUDULENT OR ACCIDENTAL TRANSACTIONS MAY NOT BE RECOVERABLE.
- 2026 Legislature - 5 - LRBs0480/1 ARG:wlj/emw/cdc S ECTION 1 (b) Identity verification for each transaction.
(b) Identity verification for each transaction.
1.
- 2026 Legislature - 5 - LRB-5468/1 ARG:wlj&emw ASSEMBLY BILL 968 SECTION 1 1.
A virtual currency kiosk operator may not accept from or dispense to a customer, by - 2026 Legislature - 6 - LRBs0480/1 ARG:wlj/emw/cdc SECTION 1 means of any virtual currency kiosk, more than a total of $1,000 in fiat currency in the same day.
A virtual currency kiosk operator may not accept from or dispense to a customer, by means of any virtual currency kiosk, more than a total of $500 in fiat currency in the same day.
(b) Fee limit.
A virtual currency kiosk operator may not collect fees or other - 2026 Legislature - 6 - LRB-5468/1 ARG:wlj&emw ASSEMBLY BILL 968 SECTION 1 charges from a customer in connection with a transaction that exceed the greater of $5 or 3 percent of the transaction amount.
For purposes of this paragraph, “fees or other charges” includes any difference between the price charged to a customer to buy, sell, exchange, or convert virtual currency and the prevailing market value of the virtual currency at the time of the transaction.
2.
- 2026 Legislature - 7 - LRB-5468/1 ARG:wlj&emw ASSEMBLY BILL 968 SECTION 1 2.
- 2026 Legislature - 7 - LRBs0480/1 ARG:wlj/emw/cdc SECTION 1 4.
4.
S ECTION 2.
SECTION 2.
(1) C USTOMER IDENTIFICATION REQUIREMENTS .
(1) USTOMER IDENTIFICATION REQUIREMENTS .
217.12 (4) first applies to transactions occurring on the 60th day after the effective date of this subsection.
217.12 (4) - 2026 Legislature - 8 - LRB-5468/1 ARG:wlj&emw ASSEMBLY BILL 968 S ECTION 2 first applies to transactions occurring on the 60th day after the effective date of this subsection.
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