This bill creates a new licensing and regulatory framework for virtual currency kiosks in South Dakota, requiring operators to be licensed and defining key terms like "virtual currency," "charges," and "kiosk" to establish clear rules for these services. The law aims to prevent fraud by setting standards for how virtual currency transactions through kiosks must be conducted and what fees can be charged to users.
This bill does not directly amend codified state law.
The bill number changed from 26.357.20 to 26.357.21, and a receipt requirement was expanded to include a full listing of all fees and charges applicable to the virtual currency transaction.
The bill's chapter reference changed from 26.357.21 to 26.357.22, and formatting transitioned from an engrossed version with markup indicators to an enrolled version.
Other amendments
Signed by the Governor S.J. 529
Delivered to the Governor S.J. 488
Signed by the Speaker H.J. 530
Signed by the President S.J. 470
House of Representatives Do Pass Amended Passed, YEAS 59, NAYS 7. H.J. 492
Commerce and Energy Do Pass Passed, YEAS 10, NAYS 2.
Commerce and Energy Scheduled for hearing
First read in House and referred to House Commerce and Energy H.J. 355
Senate Do Pass Amended Passed, YEAS 31, NAYS 2. S.J. 284
Senate Remove from Consent Calendar S.J. 261
Commerce and Energy Certified uncontested, placed on consent
Commerce and Energy Do Pass Amended Passed, YEAS 7, NAYS 0.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 66
Prime sponsor · Rep.
R
Prime sponsor · Sen.
R
Do Pass Amended
Commerce and Energy — Do Pass
Do Pass Amended
Commerce and Energy — Do Pass Amended