Virtual Currency Kiosk Regulation
Summary
West Virginia enacted HB5353, bringing virtual currency kiosks under money transmission licensure requirements. The law creates disclosure requirements and daily transaction limitations for both new and existing customers. The bill passed the House 89-3 and Senate 33-1 before receiving Governor's approval.
What changed
HB5353 expands West Virginia's money transmission laws to cover virtual currency kiosks, which were previously unregulated under this framework. The legislation establishes a licensing regime requiring kiosk operators to comply with existing money transmission rules, while also imposing new disclosure requirements and daily transaction caps based on customer status.
Operators of virtual currency kiosks in West Virginia must now secure appropriate licensure and implement compliance measures including customer disclosures and transaction limits. Businesses currently operating kiosks without licensure face potential enforcement action and must take immediate steps to achieve compliance with the new regulatory framework.
What to do next
- Obtain money transmission licensure for virtual currency kiosk operations
- Implement required consumer disclosure requirements
- Establish daily transaction limitations for new and existing customers
Source document (simplified)
ChangeBridge / West Virginia / HB5353 Signed by Governor HB5353 House Bill Signed by Governor 2026-03-14
To bring virtual currency kiosks within the purview of money transmission licensure and create disclosure requirements and daily transaction limitations for new and existing customers.
The purpose of this bill is to bring virtual currency kiosks within the purview of money transmission licensure and create disclosure requirements and daily transaction limitations for new and existing customers.
Bill Details
State West Virginia
Session 2026 Regular Session
Chamber House
Official Source www.wvlegislature.gov/BillStatus/Billshi...
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Sponsors
Vernon Criss (Rep - R) Bob Fehrenbacher (Rep - R) Clay Riley (Rep - R)
Action History
2026-04-01 H Approved by Governor 4/1/2026 2026-03-14 H Approved by Governor 4/1/2026 - House Journal 2026-03-14 S Approved by Governor 4/1/2026 - Senate Journal 2026-03-25 H To Governor 3/25/26 2026-03-14 S To Governor 3/25/2026 - Senate Journal 2026-03-14 S House Message received 2026-03-14 H Completed legislative action 2026-03-14 H Communicated to Senate 2026-03-14 H Effective from passage (Roll No. 656) 2026-03-14 H House concurred in Senate amendment and passed bill (Roll No. 655) 2026-03-14 H House received Senate message 2026-03-13 S Senate requests House to concur 2026-03-13 S Effective from passage (Roll No. 564) 2026-03-13 S Title amendment adopted 2026-03-13 S Passed Senate (Roll No. 563) 2026-03-13 S Read 3rd time 2026-03-13 S On 3rd reading 2026-03-12 S Committee amendment adopted (Voice vote) 2026-03-12 S Read 2nd time 2026-03-12 S On 2nd reading 2026-03-11 S Read 1st time 2026-03-11 S Immediate consideration 2026-03-11 S Reported do pass, with amendment 2026-03-05 S To Finance 2026-03-05 S To Finance 2026-03-05 S Introduced in Senate 2026-03-04 H Communicated to Senate 2026-03-04 H Effective from passage (Roll No. 308) 2026-03-04 H Passed House (Roll No. 307) 2026-03-04 H Read 3rd time 2026-03-04 H On 3rd reading, Special Calendar 2026-03-03 H Read 2nd time 2026-03-03 H On 2nd reading, Special Calendar 2026-03-02 H Read 1st time 2026-03-02 H On 1st reading, Special Calendar 2026-02-27 H By substitute, do pass 2026-02-09 H To House Finance 2026-02-09 H Introduced in House 2026-02-09 H To Finance 2026-02-09 H Filed for introduction
Votes
2026-03-04 Passed House (Roll No. 307) Yea: 89 Nay: 3 2026-03-04 Effective from passage (Roll No. 308) Yea: 89 Nay: 3 2026-03-13 Passed Senate (Roll No. 563) Yea: 33 Nay: 1 2026-03-13 Effective from passage (Roll No. 564) Yea: 34 Nay: 0 2026-03-14 House concurred in Senate amendment and passed bill (Roll No. 655) Yea: 93 Nay: 4 2026-03-14 Effective from passage (Roll No. 657) Yea: 97 Nay: 0 2026-03-14 Effective from passage (Roll No. 656) Yea: 93 Nay: 4
Committee Referrals
2026-02-09 H Finance 2026-03-05 S Finance
Amendments
2026-03-10 hb5353 s fin am _1 3-10 2026-03-10 hb5353 s fin am _1 3-10 adopted Adopted
Bill Text Versions
0000-00-00 Introduced 0000-00-00 Comm Sub 0000-00-00 Engrossed 0000-00-00 Enrolled
Subjects
Finance and Administration Legislative data powered by LegiScan (CC BY 4.0)
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