Alaska 34th Alaska State Legislature Status: In Committee Bipartisan · 2 D · 1 R cosponsors

HB 324 — An Act relating to virtual currency kiosks; relating to transactions involving virtual currency; and relating to unfair trade or deceptive acts or practices.

Last action — (H) COSPONSOR(S): CARRICK

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced February 23, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Prognosis

Advancing 36% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 D · 1 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

283 added · 295 removed

Plain-language change summary

The latest version of Bill HB 324 has removed a requirement that virtual currency kiosk operators impose a 48-hour hold on the first transaction for new users. This change simplifies the transaction process for first-time users, potentially making it easier for them to engage with virtual currency kiosks. Additionally, the bill retains a comprehensive reporting requirement that operators must follow, which helps ensure transparency and oversight in the operation of these kiosks. Overall, these adjustments aim to balance user accessibility with regulatory oversight.

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34-LS1515\N CS FOR HOUSE BILL NO.
34-LS1515\A HOUSE BILL NO.
324(JUD) IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-FOURTH LEGISLATURE - SECOND SESSION BY THE HOUSE JUDICIARY COMMITTEE Referred:
324 IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-FOURTH LEGISLATURE - SECOND SESSION BY REPRESENTATIVES MOORE, Fields, Carrick Introduced:
Labor and Commerce Sponsor(s):
2/23/26 Referred:
REPRESENTATIVES MOORE, Fields, Carrick A BILL FOR AN ACT ENTITLED "An Act relating to virtual currency kiosks;
Judiciary, Labor and Commerce A BILL FOR AN ACT ENTITLED "An Act relating to virtual currency kiosks;
06.55.115.
06.55.120.
06.55.120.
Mandatory hold for first transaction.
If a user has not HB0324b -1- CSHB 324(JUD) New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\N previously engaged with a virtual currency kiosk operator, the virtual currency kiosk operator shall put a 48-hour hold on the first virtual currency kiosk transaction that the user engages in with the virtual currency kiosk operator before completing the transaction.
The virtual currency kiosk operator may not engage in another transaction with the user until the 48-hour hold has expired.
Sec.
(a) Within 45 days after the end of each calendar quarter, a virtual currency kiosk operator shall submit a quarterly report to the department for each location in the state at which the person operates a virtual currency kiosk.
(a) Within 45 days after the end of each calendar HB0324a -1- HB 324 New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\A quarter, a virtual currency kiosk operator shall submit a quarterly report to the department for each location in the state at which the person operates a virtual currency kiosk.
(3) the total number and value of virtual currency transactions the CSHB 324(JUD) -2- HB0324b New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\N virtual currency kiosk operator conducted through virtual currency kiosks in the state;
(3) the total number and value of virtual currency transactions the virtual currency kiosk operator conducted through virtual currency kiosks in the state;
(6) contact details for the virtual currency kiosk operator's compliance officer;
HB 324 -2- HB0324a New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\A (6) contact details for the virtual currency kiosk operator's compliance officer;
(1) a warning, written prominently and in bold type stating HB0324b -3- CSHB 324(JUD) New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\N WARNING:
(1) a warning, written prominently and in bold type stating WARNING:
If someone asked you to deposit money in this machine or is on the telephone with you and claims to be a friend or family member, government agent, computer software representative, bill collector, law enforcement officer, or anyone you do not know personally IMMEDIATELY STOP THIS TRANSACTION and contact your local law enforcement and the kiosk operator.
If someone asked you to deposit money in this machine or is on the telephone with you and claims to be a friend or family member, government agent, computer software representative, bill collector, law enforcement officer, or anyone you do not know personally IMMEDIATELY STOP THIS TRANSACTION and contact your local HB0324a -3- HB 324 New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\A law enforcement and the kiosk operator.
(d) The disclosures required under this section do not affect the obligation of a virtual currency kiosk operator to issue a refund under AS 06.55.160.
(d) The disclosures required under this section do not affect the obligation of a virtual currency kiosk operator to issue a refund under AS 06.55.160 to a user who is a victim of fraud.
(e) After each transaction, the virtual currency kiosk operator shall provide users with paper and electronic receipts.
(e) After the completion of each transaction, the virtual currency kiosk operator shall provide users with paper and electronic receipts.
CSHB 324(JUD) -4- HB0324b New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\N (4) each applicable virtual currency address and transaction hash, if applicable;
(4) each applicable virtual currency address and transaction hash, if applicable;
(6) the exchange rate used between the virtual currency and United States dollar;
(6) the exchange rate used between the virtual currency and United HB 324 -4- HB0324a New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\A States dollar;
(7) if the transaction is subject to a first transaction hold required under AS 06.55.120, notice of the hold and when the hold expires;
(7) a statement of the virtual currency kiosk operator's refund policy;
(8) a statement of the virtual currency kiosk operator's refund policy;
(8) any additional information the department requires by regulation.
(9) any additional information the department requires by regulation.
HB0324b -5- CSHB 324(JUD) New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\N Sec.
Sec.
(a) A virtual currency kiosk operator or their authorized delegate shall verify the identity of a user before accepting payment from the user for a virtual currency transaction.
(a) A virtual currency kiosk operator or HB0324a -5- HB 324 New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\A their authorized delegate shall verify the identity of a user before accepting payment from the user for a virtual currency transaction.
(a) For cases related to fraud, a virtual currency kiosk operator shall issue a full refund to a user if the user (1) engaged in a transaction involving the virtual currency kiosk that was affected by fraud;
(a) For cases related to fraud, a virtual currency kiosk operator shall issue a refund to a user in the full amount of all transactions paid by the user at the time of the transaction, including transaction charges, regardless of any acknowledgment the user may have made before finalizing the transactions.
(2) informed the virtual currency kiosk operator of the fraudulent nature of the transaction or transactions at issue within 90 days after the last CSHB 324(JUD) -6- HB0324b New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\N transaction or within 90 days after the user became aware of the fraud, whichever is later;
This refund must be paid in the originating currency.
and (3) within 120 days after contacting the virtual currency kiosk operator, submitted to the virtual currency kiosk operator a police report, report by the department, or a sworn statement detailing the fraudulent nature of the transaction.
A user is entitled to a full refund if the user (1) engaged in a transaction involving the virtual currency kiosk that was affected by fraud;
(b) If a user requests that a transaction be cancelled during a first transaction hold required under AS 06.55.120, the virtual currency kiosk operator shall cancel the transaction and provide the user with a full refund.
(2) informed the virtual currency kiosk operator of the fraudulent nature of the transaction or transactions at issue within 90 days after the last transaction or within 90 days after the user became aware of the fraud, whichever is later;
(c) If the conditions for a refund under (a) or (b) of this section are met, the virtual currency kiosk operator shall issue the refund to the user (1) in the original currency provided by the user;
and HB 324 -6- HB0324a New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\A (3) within 120 days after contacting the virtual currency kiosk operator, submitted to the virtual currency kiosk operator a police report, report by the department, or a sworn statement detailing the fraudulent nature of the transaction.
(2) in the full amount of all transactions paid by the user at the time of the transaction, including transaction charges, regardless of any acknowledgment the user may have made before finalizing the transactions;
(b) If the conditions for a refund under this section are met, the virtual currency kiosk operator shall issue a full refund within 72 hours after receiving a copy of the police report, report by the department, or sworn statement.
and (3) within 72 hours after receiving a copy of the police report, report by the department, or sworn statement for a refund required under (a) of this section or a request that the transaction be cancelled during a first transaction hold for a refund required under (b) of this section.
The use of alternative products, including online purchasing or over- HB0324b -7- CSHB 324(JUD) New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\N the-counter platforms, may not be employed to circumvent or exceed the limits in this section.
The use of alternative products, including online purchasing or over- the-counter platforms, may not be employed to circumvent or exceed the limits in this section.
06.55.175.
06.55.172.
06.55.180.
06.55.175.
06.55.185.
06.55.180.
The dedicated line must be an electronic mail address or telephone number based in the United States.
The dedicated line HB0324a -7- HB 324 New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\A must be an electronic mail address or telephone number based in the United States.
06.55.190.
06.55.185.
(a) A virtual currency kiosk operator that violates AS 06.55.115 - 06.55.200 commits an unfair trade or deceptive act or practice in violation of AS 45.50.471.
(a) A virtual currency kiosk operator that violates AS 06.55.120 - 06.55.195 commits an unfair trade or deceptive act or practice in violation of AS 45.50.471.
(b) A virtual currency kiosk operator operating in this state without a money transmission license or that otherwise violates AS 06.55.115 - 06.55.200 is subject to administrative action, including civil penalties, that may, notwithstanding AS 06.55.605, include the seizure of any virtual currency kiosk and the forfeiture of all fees received from customers in the state during the period of unlicensed activity or noncompliance.
(b) A virtual currency kiosk operator operating in this state without a money transmission license or that otherwise violates AS 06.55.120 - 06.55.195 is subject to administrative action, including civil penalties, that may, notwithstanding AS 06.55.605, include the seizure of any virtual currency kiosk and the forfeiture of all fees received from customers in the state during the period of unlicensed activity or noncompliance.
06.55.195.
06.55.190.
Show all 50 changed rows (10 more)
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Nothing in AS 06.55.115 - 06.55.200 may be interpreted to preempt or nullify a municipal ordinance that provides greater protections, requirements, or restrictions if the municipal ordinance does not directly CSHB 324(JUD) -8- HB0324b New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\N conflict with AS 06.55.115 - 06.55.200.
Nothing in AS 06.55.120 - 06.55.195 may be interpreted to preempt or nullify a municipal ordinance that provides greater protections, requirements, or restrictions if the municipal ordinance does not directly conflict with AS 06.55.120 - 06.55.195.
06.55.200.
06.55.195.
In AS 06.55.115 - 06.55.200, (1) "blockchain analytics" means the analysis of data from blockchains or public distributed ledgers, including associated transaction information;
In AS 06.55.120 - 06.55.195, (1) "blockchain analytics" means the analysis of data from blockchains or public distributed ledgers, including associated transaction information;
(4) "user" means an individual or entity that initiates, authorizes, or completes a transaction involving virtual currency through a virtual currency kiosk for the purpose of purchasing, selling, transferring, or otherwise exchanging virtual currency;
(4) "user" means an individual or entity that initiates, authorizes, or HB 324 -8- HB0324a New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\A completes a transaction involving virtual currency through a virtual currency kiosk for the purpose of purchasing, selling, transferring, or otherwise exchanging virtual currency;
(7) "virtual currency kiosk" means a person acting on the behalf of, or a mechanical agent 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 by connecting directly to a separate virtual currency exchange, drawing on virtual currency in the possession of the electronic terminal's operator, or by another method;
(7) "virtual currency kiosk" means a person acting on the behalf of, or a mechanical agent 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 by connecting directly to a separate virtual currency exchange, drawing upon virtual currency in the possession of the electronic terminal's operator, or by another method;
(8) "virtual currency kiosk operator" means a person that engages in virtual currency business activity by way of a virtual currency kiosk located in the state or a person that owns, operates, manages, or provides custodial or noncustodial services for a virtual currency kiosk located in the state through which virtual currency HB0324b -9- CSHB 324(JUD) New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\N business activity is offered;
(8) "virtual currency kiosk operator" means a person that engages in virtual currency business activity by way of a virtual currency kiosk located in the state or a person that owns, operates, manages, or provides custodial or noncustodial services for a virtual currency kiosk located in the state through which virtual currency business activity is offered;
(b) This section does not apply to a refund requested for a virtual currency kiosk transaction under AS 06.55.115 - 06.55.200.
(b) This section does not apply to a refund requested for a virtual currency kiosk transaction under AS 06.55.120 - 06.55.195.
(15) "money transmission" (A) means (i) selling or issuing payment instruments or stored value, or receiving money or monetary value for transmission;
HB0324a -9- HB 324 New Text Underlined [DELETED TEXT BRACKETED] 34-LS1515\A (15) "money transmission" (A) means (i) selling or issuing payment instruments or stored value, or receiving money or monetary value for transmission;
(58) violating AS 06.55.115 - 06.55.200 (virtual currency kiosks).
(58) violating AS 06.55.120 - 06.55.195 (virtual currency kiosks).
CSHB 324(JUD) -10- HB0324b New Text Underlined [DELETED TEXT BRACKETED]
HB 324 -10- HB0324a New Text Underlined [DELETED TEXT BRACKETED]
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How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill establishes regulations for virtual currency kiosk operators in Alaska, including licensing, reporting, user identity verification, and disclosures to prevent fraud and illicit activity.

  • AS 06.55

    Article 1A. Virtual Currency Kiosks.

    Introduces a new section specifically for regulations on virtual currency kiosks.

  • Sec. 06.55.115

    (a) A virtual currency kiosk operator may not engage in a virtual currency kiosk transaction or hold itself out as being able to engage in virtual currency kiosk transactions with or on behalf of another person unless the virtual currency kiosk operator holds a money transmission license.

    Requires virtual currency kiosk operators to obtain a money transmission license to conduct transactions.

  • Sec. 06.55.115

    (b) A virtual currency kiosk operator may not locate a virtual currency kiosk in the state unless the virtual currency kiosk operator registers with and obtains the prior approval of the department.

    Mandates registration and prior approval from the department for locating a kiosk in Alaska.

  • Sec. 06.55.120

    If a user has not previously engaged with a virtual currency kiosk operator, the virtual currency kiosk operator shall put a 48-hour hold on the first virtual currency kiosk transaction that the user engages in with the virtual currency kiosk operator before completing the transaction.

    Imposes a 48-hour hold on the first transaction for new users to protect against fraud.

  • Sec. 06.55.125

    (a) Within 45 days after the end of each calendar quarter, a virtual currency kiosk operator shall submit a quarterly report to the department for each location in the state at which the person operates a virtual currency kiosk.

    Establishes a requirement for quarterly reporting of operational activities to the department.

  • Sec. 06.55.125

    (b) On or before March 31 of each year, a virtual currency kiosk operator shall submit an annual report to the department relating to the virtual currency kiosk operator's business conducted in the state during the previous calendar year.

    Creates an annual reporting requirement for virtual currency kiosk operations.

  • Sec. 06.55.130

    (a) A virtual currency kiosk operator shall disclose in a clear, conspicuous, and easily readable manner in the chosen language of the user all relevant terms and conditions generally associated with the products, services, and activities of the virtual currency kiosk operator and virtual currency.

    Requires clear disclosures of terms and conditions to users interacting with the kiosk.

  • Sec. 06.55.135

    A virtual currency kiosk operator shall take reasonable steps to detect and prevent fraud and money laundering, including establishing and maintaining a written anti-fraud policy and abiding by 31 U.S.C. 5311 - 5336 (Bank Secrecy Act).

    Mandates virtual currency kiosk operators to implement anti-fraud and money laundering policies.

  • Sec. 06.55.140

    A virtual currency kiosk operator shall use blockchain analytics and tracing software to assist in the prevention of sending virtual currency to a virtual currency wallet known or likely to be affiliated with fraudulent activity at the time of a transaction.

    Encourages the use of blockchain analytics to mitigate fraudulent transactions.

  • Sec. 06.55.145

    A virtual currency kiosk operator shall post a conspicuous written warning in plain view of the virtual currency kiosk providing notice to users that criminals may direct victims of fraud or scams to send money by way of virtual currency kiosks.

    Requires the posting of warnings about potential fraud to inform users.

  • Sec. 06.55.150

    (a) A virtual currency kiosk operator or their authorized delegate shall verify the identity of a user before accepting payment from the user for a virtual currency transaction.

    Mandates user identity verification before conducting transactions at kiosks.

  • Sec. 06.55.150

    (c) A virtual currency kiosk operator is strictly liable for a violation of this section.

    Establishes strict liability for noncompliance with identification verification requirements.

  • Sec. 06.55.155

    On an annual basis, a virtual currency kiosk operator shall provide the store or location where the kiosk is located with staff training materials approved by the department.

    Imposes an annual training requirement for kiosk operators' staff regarding fraud detection.

Action History

  1. (H) COSPONSOR(S): CARRICK

  2. (H) Heard & Held

  3. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  4. (H) Heard & Held

  5. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  6. (H) <Bill Hearing Canceled> -- Meeting Postponed from 3:15 pm 4/13/2026--

  7. (H) LABOR & COMMERCE at 08:00 AM BARNES 124

  8. (H) -- Testimony <Invitation Only> -- -- Meeting Postponed to 8:00 am 4/15/2026--

  9. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  10. (H) <Bill Hearing Canceled>

  11. (H) LABOR & COMMERCE at 03:15 PM BARNES 124

  12. (H) COSPONSOR(S): FIELDS

  13. (H) REFERRED TO LABOR & COMMERCE

  14. (H) FN1: ZERO(CED)

  15. (H) AM: VANCE, COSTELLO, GRAY

  16. (H) DP: UNDERWOOD, EISCHEID, MINA, KOPP

  17. (H) JUD RPT CS(JUD) 4DP 3AM

  18. (H) Moved CSHB 324(JUD) Out of Committee

  19. (H) JUDICIARY at 01:00 PM GRUENBERG 120

  20. (H) Heard & Held

  21. (H) JUDICIARY at 01:00 PM GRUENBERG 120

  22. (H) Heard & Held

  23. (H) JUDICIARY at 01:00 PM GRUENBERG 120

  24. (H) JUD, L&C

  25. (H) READ THE FIRST TIME - REFERRALS

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 62 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (62)

62 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance technology
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Frequently asked questions

Who sponsors HB 324?
HB 324 is sponsored by Ashley Carrick (D), Zack Fields (D), and Elexie Moore (R).
What is the current status of HB 324?
This bill is in committee in the House. Introduced February 23, 2026. It must pass committee before a floor vote.
Where can I track HB 324?
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