HB 72 — Criminal Use of Cryptocurrency Amendments

Section 3 is enacted to read:

7-29-203.

Transaction limits -- Fee restrictions -- Blockchain analytics.

(1) A virtual currency kiosk operator may not:

(a) accept virtual currency kiosk transactions from a single customer that exceed a cumulative total of $1,000 of cash or the equivalent in virtual currency per calendar day in this state via one or more virtual currency kiosks operated by the same virtual currency kiosk operator;

(b) accept virtual currency kiosk transactions that exceed a cumulative total of $2,000 of cash or the equivalent in virtual currency from a customer who has completed fewer than five virtual currency kiosk transactions with the virtual currency kiosk operator;

and (c) charge a fee that exceeds 3% of the transaction amount for any virtual currency kiosk transaction.

(2) A virtual currency kiosk operator shall implement blockchain analytics to identify and block transactions to known fraudulent virtual currency addresses.

Section 4.

Section 4 is enacted to read:

7-29-204.

Disclosures and warnings -- Receipt requirements.

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

(2) The virtual currency kiosk operator shall receive acknowledgment of receipt of all disclosures required under this section via confirmation of consent.

(3) Each virtual currency kiosk shall include a fraud prevention warning in English and Spanish, written prominently and in bold type.

- 4 - HB0072 compared with HB0072S02 (4) The fraud prevention warning described in Subsection (3) shall state in substantially the following form:

"WARNING:

CONSUMER FRAUD OFTEN STARTS WITH CONTACT FROM A STRANGER WHO IS INITIATING A DISHONEST SCHEME THAT FREQUENTLY TARGETS VULNERABLE POPULATIONS, INCLUDING THE ELDERLY.

IF YOU BELIEVE YOU ARE BEING SCAMMED, CALL A LOCAL LAW ENFORCEMENT OFFICER BEFORE ANY TRANSACTION.

TRANSACTIONS CONDUCTED ON THIS VIRTUAL CURRENCY KIOSK ARE IRREVERSIBLE.

PROTECT YOURSELF FROM FRAUD.

NEVER SEND MONEY TO SOMEONE YOU DO NOT KNOW." (5) After the completion of each transaction, the virtual currency kiosk operator shall provide an individual with a choice of a physical or digital receipt in the language chosen by the customer.

(6) The receipt described in Subsection (5) shall contain:

(a) the virtual currency kiosk operator's name and contact information, including a telephone number to answer questions and register complaints;

(b) the relevant state and local law enforcement or government agency for reporting fraud;

(c) the type, value, date, and precise time of the transaction;

(d) the transaction hash;

(e) each applicable virtual currency address;

(f) the transaction amount in both virtual currency and United States dollars;

(g) all fees charged;

(h) the exchange rate of the virtual currency to United States dollars;

(i) customer service contact information;

(j) the virtual currency kiosk operator's license information;

and (k) a statement of the virtual currency kiosk operator's refund policy.

(7) A virtual currency kiosk operator performing business in this state shall provide a toll-free customer service line, available 24 hours per day, seven days per week, and display the number for the toll- free customer service line on the virtual currency kiosk or the virtual currency kiosk screens.

Section 5.

Section 5 is enacted to read:

7-29-205.

Enforcement.

(1) Subject to Title 63G, Chapter 4, Administrative Procedures Act, if the commissioner determines that a person is violating this part, the commissioner may:

- 5 - HB0072 compared with HB0072S02 (a) suspend, revoke, or refuse to renew the person's license under Title 7, Chapter 25, Money Transmitter Act;

(b) issue a cease and desist order;

(c) prohibit the person from operating a virtual currency kiosk in this state;

(d) impose an administrative fine not to exceed $1,000 per violation, except that the aggregate total of fines imposed under this part against a person in a calendar year may not exceed $30,000 for that calendar year;

or (e) take any combination of actions listed in this Subsection (1).

(2) A violation of this part constitutes a deceptive act or practice under Title 13, Chapter 11, Utah Consumer Sales Practices Act.

(3) The attorney general may bring a civil action for injunctive relief to enforce this part.

Section 1.

13-2-1.13-2-1 (Effective 05/06/26) (Superseded 07/01/26).

(j)- Chapter2 28,- PrizeEnrolled NoticesCopy RegulationH.B. Act;

72 (j) Chapter 28, Prize Notices Regulation Act;

- 6 - HB0072 compared with HB0072S02 (p) Chapter 51, Transportation Network Company Registration Act;

(r) Chapter 53, Residential, Vocational [or]and[or] and Life Skills Program Act;

and (b) a process by which a person may be removed from the list the division establishes as described- in3 Subsection- (3)(a).H.B.

72 Enrolled Copy described in Subsection (3)(a).

13-2-1.13-2-1 (Effective 07/01/26).

- 7 - HB0072 compared with HB0072S02 (2) The division shall administer and enforce the following:

(r) Chapter 53, Residential, Vocational [or]and[or] and Life Skills Program Act;

(aa)- Chapter4 70,- AutomaticEnrolled RenewalCopy ContractsH.B. Act;

72 (aa) Chapter 70, Automatic Renewal Contracts Act;

- 8 - HB0072 compared with HB0072S02 (dd) Chapter 78, Earned Wage Access Services Act;

13-11-4.13-11-4 (Effective 05/06/26).

(i)- "going5 out- ofH.B. business";

-72 9Enrolled -Copy HB0072(i) compared"going without HB0072S02of (ii)business"; "bankruptcy sale";

(ii) "bankruptcy sale";

(j)(j)(i) (i) indicates that a consumer transaction involves or does not involve a warranty, a disclaimer of warranties, particular warranty terms, or other rights, remedies, or obligations, if the representation is false;

- 106 - HB0072Enrolled comparedCopy withH.B. HB0072S02 (i) cancel the sales agreement and receive a refund of all previous payments to the supplier if the refund is mailed or delivered to the buyer within 10 business days after the day on which the seller receives written notification from the buyer of the buyer's intent to cancel the sales agreement and receive the refund;

72 (i) cancel the sales agreement and receive a refund of all previous payments to the supplier if the refund is mailed or delivered to the buyer within 10 business days after the day on which the seller receives written notification from the buyer of the buyer's intent to cancel the sales agreement and receive the refund;

(i)- commences7 the- repairH.B. without first giving the consumer oral and written notice of:

72 Enrolled Copy (i) commences the repair without first giving the consumer oral and written notice of:

and - 11 - HB0072 compared with HB0072S02 (B) the total dollar amount the consumer is responsible to pay for the repair, which dollar amount may not exceed the applicable deductible or other copay arrangement in the consumer's insurance policy;

or (iii)- an8 entity- regulatedEnrolled underCopy TitleH.B. 7, Financial Institutions Act;

-72 12(iii) - HB0072 compared with HB0072S02 (u) sends an unsolicitedentity mailingregulated tounder aTitle person7, thatFinancial appearsInstitutions toAct; be a billing, statement, or request for payment for a product or service the person has not ordered or used, or that implies that the mailing requests payment for an ongoing product or service the person has not received or requested;

(u) sends an unsolicited mailing to a person that appears to be a billing, statement, or request for payment for a product or service the person has not ordered or used, or that implies that the mailing requests payment for an ongoing product or service the person has not received or requested;

(3)(3)(a) (a) The notice required by Subsection (2)(m) shall:

(4)- (a)9 A- giftH.B. certificate, instrument, or other record that does not print an expiration date in accordance with Subsection (2)(v) does not expire.

-72 13Enrolled -Copy HB0072(4)(a) compared with HB0072S02 (b) A gift certificate, instrument, or other record that does not includeprint printedan informationexpiration concerningdate ain feeaccordance towith beSubsection charged(2)(v) anddoes deducted from the balance of the gift certificate, instrument, or other record is not subjectexpire. to the charging and deduction of the fee.

(b) A gift certificate, instrument, or other record that does not include printed information concerning a fee to be charged and deducted from the balance of the gift certificate, instrument, or other record is not subject to the charging and deduction of the fee.

Section 413-82-101 is enacted to read:

Virtual Currency Kiosk Regulation 13-82-101.13-82-101 (Effective 05/06/26).

Section 513-82-102 is enacted to read:

13-82-102.13-82-102 (Effective 05/06/26).

(1)- A10 virtual- currencyEnrolled kioskCopy operatorH.B. may not accept virtual currency kiosk transactions from a single customer that exceed a cumulative total of:

-72 14(1) -A HB0072 compared with HB0072S02 (a) during the three calendar days following the day on which the customer completes the customer's first virtual currency kiosk transactionoperator withmay thenot accept virtual currency kiosk operator,transactions $2,000from ofa cashsingle orcustomer thethat equivalentexceed ina virtualcumulative currencytotal perof: calendar day;

(a) during the three calendar days following the day on which the customer completes the customer's first virtual currency kiosk transaction with the virtual currency kiosk operator, $2,000 of cash or the equivalent in virtual currency per calendar day;

Section 613-82-103 is enacted to read:

13-82-103.13-82-103 (Effective 05/06/26).

IF YOU SUSPECT FRAUD, CALL LOCAL LAW ENFORCEMENT BEFORE PROCEEDING." (5) After the completion of each transaction, the virtual currency kiosk operator shall provide an individual with both a physical and digital receipt in the language chosen by the customer,customer. unless the individual opts out of receiving one form of receipt.

- 1511 - HB0072H.B. compared with HB0072S02 (b) the relevant state and local law enforcement or government agency for reporting fraud;

72 Enrolled Copy (b) the relevant state law enforcement or government agency for reporting fraud;

(7) A virtual currency kiosk operator performing business in this state shall provide a toll-free customer service line, available 24 hours per day, seven days per week, and display the number for the toll-toll-free free customer service line on the virtual currency kiosk or the virtual currency kiosk screens.

Section 713-82-104 is enacted to read:

13-82-104.13-82-104 (Effective 05/06/26).

- 16 - HB0072 compared with HB0072S02 Section 8.

Section 813-82-105 is enacted to read:

13-82-105.- 12 - Enrolled Copy H.B.

72 13-82-105 (Effective 05/06/26).

Section 913-82-106 is enacted to read:

13-82-106.13-82-106 (Effective 05/06/26).

(3)(3)(a) (a) In addition to the division's enforcement powers under Title 13, Chapter 2, Division of Consumer Protection:

- 17 - HB0072 compared with HB0072S02 (b) In a court action by the division to enforce a provision of this part, the court may:

(iii)- order13 disgorgement- ofH.B. any money received in violation of this part;

72 Enrolled Copy (iii) order disgorgement of any money received in violation of this part;

(4)(4)(a) (a) A person who violates an administrative or court order issued for a violation of this part is subject to a civil penalty of no more than $5,000 for each violation.

53-6-102.53-6-102 (Effective 05/06/26).

(EffectiveDefinitions. 05/06/26)Definitions.

- 18 - HB0072 compared with HB0072S02 (c) a plea of nolo contendere;

(5) "Council" means the Peace Officer Standards and Training Council created in Section 53-6-106.- 14 - Enrolled Copy H.B.

72 53-6-106.

(a)(a)(i) (i) receive calls for one or a combination of, emergency police, fire, and medical services, and to dispatch the appropriate personnel and equipment in response to the calls;

53-6-202.53-6-202 (Effective 05/06/26).

(EffectiveBasic 05/06/26)Basic training course -- Completion required -- Annual training -- Prohibition from exercising powers -- Reinstatement.

(1)(1)(a) (a) The director shall:

(i)(i)(A) (A) suggest and prepare subject material;

and - 19 - HB0072 compared with HB0072S02 (B) schedule instructors for basic training courses;

(b)- may15 not- includeH.B. the use of chokeholds, carotid restraints, or any act that impedes the breathing or circulation of blood likely to produce a loss of consciousness, as a valid method of restraint;

72 Enrolled Copy (b) may not include the use of chokeholds, carotid restraints, or any act that impedes the breathing or circulation of blood likely to produce a loss of consciousness, as a valid method of restraint;

(4)(4)(a) (a) All peace officers shall satisfactorily complete the basic training course or the waiver process provided for in this chapter as well as annual certified training of not less than 40 hours as the director, with the advice and consent of the council, directs.

(b) A peace officer who fails to satisfactorily complete the annual training described in Subsection (4)(4)(a) (a) shall automatically be prohibited from exercising peace officer powers until any deficiency is made up.

(5)(5)(a) (a) Beginning July 1, 2024, all peace officers who are currently employed shall participate in a training at least every three years focused on the following:

- 20 - HB0072 compared with HB0072S02 (b) Any training in which a peace officer participates as described in Subsection (5)(a) shall count toward the peace officer's 40-hour required annual training described in Subsection (4)(a) for the year in which the peace officer participated in the training.

(6)(6)(a) (a) The director or the director's designee, in coordination with the council, shall promulgate the standards for the trainings described in Subsection (4).

(7)(7)(a) (a) Beginning July 1, 2026, each local law enforcement agency shall ensure that at least one peace officer employed by the agency completes specialized cryptocurrency investigation training at least once every three years, focused on:

(iii)- use16 of- cryptocurrencyEnrolled investigationCopy toolsH.B. and software;

72 (iii) use of cryptocurrency investigation tools and software;

Section 1253-32-101 is enacted to read:

53-32-101.CHAPTER 32.

Cryptocurrency Investigations 53-32-101 (Effective 05/06/26)Definitions.05/06/26).

32.Definitions.

Cryptocurrency Investigations As used in this chapter:

- 21 - HB0072 compared with HB0072S02 (2) "Cryptocurrency investigation" means a law enforcement investigation involving the tracing, analysis, or recovery of cryptocurrency or digital assets.

Section 1353-32-102 is enacted to read:

53-32-102.53-32-102 (Effective 05/06/26).

(EffectiveCryptocurrency 05/06/26)Cryptocurrency investigation reporting.

(1) Each local law enforcement agency and the Division of Securities created in Section 61-1-18 shall report the following information to the commission on a quarterly basis:

(2)- The17 commission- shall:H.B.

72 Enrolled Copy (2) The commission shall:

63I-1-253.63I-1-253 (Effective 05/06/26).

(EffectiveRepeal 05/06/26)Repeal dates:

- 22 - HB0072 compared with HB0072S02 (3) Section 53-2a-1103, Search and Rescue Advisory Board -- Members -- Compensation, is repealed July 1, 2030.

[(13)]- (14)18 Subsection- 53E-2-304(6),Enrolled regardingCopy foreclosingH.B. a private right of action or waiver of governmental immunity, is repealed July 1, 2027.

72 [(13)] (14) Subsection 53E-2-304(6), regarding foreclosing a private right of action or waiver of governmental immunity, is repealed July 1, 2027.

- 23 - HB0072 compared with HB0072S02 [(19)] (20) Subsection 53E-7-207(7), regarding a private right of action or waiver of governmental immunity, is repealed July 1, 2027.

[(31)]- (32)19 Subsection- 53H-4-210(5),H.B. regarding the attorney general designating the chair of the SafeUT and School Safety Commission, is repealed January 1, 2030.

72 Enrolled Copy [(31)] (32) Subsection 53H-4-210(5), regarding the attorney general designating the chair of the SafeUT and School Safety Commission, is repealed January 1, 2030.

- 24 - HB0072 compared with HB0072S02 [(36)] (37) Section 53H-4-306.1, Definitions -- Electrification of Transportation Infrastructure Research Center, is repealed July 1, 2028.

[(48)]- (49)20 Section- 53H-4-313,Enrolled FoodCopy SecurityH.B. Council, is repealed July 1, 2027.

72 [(48)] (49) Section 53H-4-313, Food Security Council, is repealed July 1, 2027.

{Section 11.

Section 77-11b-105 is amended to read:

} 77-11b-105.

Training requirements.

(1) As used in this section:

(a) "Council" means the Utah Prosecution Council created in Section 67-5a-1.

(b) "Digital asset" means the same as that term is defined in Section 13-62-101.

[(b)] (c) "Division" means the Peace Officers Standards and Training Division created in Section 53-6-103.

- 25 - HB0072 compared with HB0072S02 (2) To participate in the program, an agency shall have at least one employee who is certified by the division as an asset forfeiture specialist through the completion of an online asset forfeiture course by the division.

(3) The division shall:

(a) develop an online asset forfeiture specialist course that is available to an agency for certification purposes;

(b) certify an employee of an agency who meets the course requirements to be an asset forfeiture specialist;

(c) recertify, every 36 months, an employee who is designated as an asset forfeiture specialist by an agency;

(d) submit annually a report to the commission no later than April 30 that contains a list of the names of the employees and agencies participating in the certification courses;

(e) review and update the asset forfeiture specialist course each year to comply with state and federal law;

and (f) provide asset forfeiture training to all peace officers in basic training programs.

(4) To be reimbursed for costs under Subsection 77-11b-401(3)(b), a prosecuting agency shall have at least one employee who is certified by the council as an asset forfeiture specialist through the completion of an online asset forfeiture course.

(5) The council shall:

(a) develop an online asset forfeiture specialist course that is available to a prosecuting agency for certification purposes;

(b) develop a digital asset specialist course that is available to a prosecuting agency for certification purposes;

[(b)] (c) certify an employee of a prosecuting agency who meets the course requirements to be an asset forfeiture specialist or a digital asset specialist;

[(c)] (d) submit annually a report to the commission no later than April 30 that contains a list of the names of the employees and prosecuting agencies participating in certification courses by the council;

and [(d)] (e) review and update the asset forfeiture specialist [course] and digital asset specialist courses each year to comply with state and federal law.

- 26 - HB0072 compared with HB0072S02 (6) A prosecuting agency shall have at least one employee who is certified by the council as a digital asset specialist through the completion of a digital asset specialist course.

Effective date.

{This(1) } Except as provided in Subsection (2), this bill takes effect {on } May 6, 2026.

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