Virtual Currency Kiosk Consumer Protection Act
Summary
Mississippi enacted HB1625, the Virtual Currency Kiosk Consumer Protection Act, requiring virtual currency kiosk operators to obtain licensure under the Money Transmission Modernization Act. The law mandates risk disclosures, fraud prevention measures, receipt requirements, and transaction limits for new and existing customers. The bill passed unanimously in both chambers (House 117-0, Senate 52-0) and was signed by the Governor on April 1, 2026.
What changed
Mississippi House Bill 1625 creates the Mississippi Virtual Currency Kiosk Consumer Protection Act, establishing a new licensing regime for virtual currency kiosk operators under the Money Transmission Modernization Act. The bill prohibits operating a virtual currency kiosk without a license, requires operators to provide disclosures regarding transaction risks, implement fraud prevention measures, issue customer receipts, and enforce transaction limits for new and existing customers. The bill amends Sections 75-16-21 and 75-16-69 of the Mississippi Code of 1972 to conform with these provisions.
Virtual currency kiosk operators conducting business in Mississippi must obtain licensure under the Money Transmission Modernization Act before operating. Operators must update systems to include required customer risk disclosures, implement fraud prevention safeguards, and provide transaction receipts. Operators should review transaction limit requirements for new and existing customers and ensure compliance with all provisions of the Act.
What to do next
- Obtain licensure under the Mississippi Money Transmission Modernization Act before operating virtual currency kiosks
- Update systems to provide required customer risk disclosures for virtual currency transactions
- Implement fraud prevention measures and receipt generation capabilities for kiosk transactions
Penalties
Operating a virtual currency kiosk without a license is prohibited under the Act
Source document (simplified)
ChangeBridge / Mississippi / HB1625 Signed by Governor HB1625 House Bill Signed by Governor 2026-04-01
Virtual currency kiosks; require licensure in accordance with Money Transmission Modernization Act.
An Act To Create The Mississippi Virtual Currency Kiosk Consumer Protection Act; To Prohibit A Person From Operating A Virtual Currency Kiosk Without Being Licensed Under The Money Transmission Modernization Act; To Define Terms; To Require Certain Disclosures By Virtual Currency Kiosk Operators Regarding The Risks Of Virtual Currency Kiosk Transactions; To Implement Certain Fraud Prevention Measures; To Require Virtual Currency Kiosk Operators To Provide Receipts To Customers; To Provide Certain Transaction Limits For New Customers And For Existing Customers; To Amend Sections 75-16-21 And 75-16-69, Mississippi Code Of 1972, To Conform With The Provisions Of This Act; And For Related Purposes.
Bill Details
State Mississippi
Session 2026 Regular Session
Chamber House
Official Source billstatus.ls.state.ms.us/2026/pdf/history...
LegiScan View on LegiScan
Sponsors
Shane Aguirre (Rep - R)
Action History
2026-04-01 H Enrolled Bill Signed 2026-03-30 S Conference Report Adopted 2026-03-30 H Conference Report Adopted 2026-03-29 H Conference Report Filed 2026-03-29 S Conference Report Filed 2026-03-23 S Conferees Named Johnson,DeLano,Hickman 2026-03-23 H Conferees Named Aguirre,Boyd (37th),Hawkins 2026-03-17 H Decline to Concur/Invite Conf 2026-03-11 S Returned For Concurrence 2026-03-10 S Passed As Amended 2026-03-10 S Amended 2026-02-26 S Title Suff Do Pass As Amended 2026-02-18 S Referred To Business and Financial Institutions 2026-02-13 H Transmitted To Senate 2026-02-12 H Passed 2026-02-12 H Committee Substitute Adopted 2026-02-11 H Read the Third Time 2026-02-03 H Title Suff Do Pass Comm Sub 2026-01-19 H Referred To Banking and Financial Services
Votes
2026-02-12 House Passed Yea: 117 Nay: 0 2026-03-10 Senate Passed As Amended Yea: 52 Nay: 0 2026-03-30 House Conference Report Adopted Yea: 114 Nay: 1 2026-03-30 Senate Conference Report Adopted Yea: 52 Nay: 0
Committee Referrals
2026-01-19 H Banking and Financial Services 2026-02-18 S Business and Financial Institutions
Amendments
0000-00-00 Senate Committee Amendment No 1
Bill Text Versions
2026-01-21 Introduced 2026-02-03 Comm Sub 2026-02-13 Engrossed 2026-04-01 Enrolled Legislative data powered by LegiScan (CC BY 4.0)
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