R.I. Gen. Laws § 19-14.3-3.9 — virtual currency kiosk operator licensing and kiosk registration

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Title 19
Financial Institutions

            Chapter 14.3
Currency Transmissions

R.I. Gen. Laws § 19-14.3-3.9

§ 19-14.3-3.9. Virtual currency kiosk operator licensing and kiosk registration.

(a) A virtual currency kiosk operator shall not engage in virtual currency business activity
            or hold itself out as being able to engage in virtual currency business activity with
            or on behalf of another person unless the virtual currency kiosk operator is licensed
            in the state as a money transmitter.

(b) A virtual currency kiosk operator shall not locate, or allow a third party to locate,
            a virtual currency kiosk in this state unless the virtual currency kiosk operator
            registers the virtual currency kiosk and obtains the prior approval of the department
            of business regulation (DBR) for its activation.

(c) A virtual currency kiosk operator shall submit to the DBR a quarterly report of the
            location of each virtual currency kiosk located within the State of Rhode Island within
            forty-five (45) days of the end of each calendar quarter. The report shall include,
            at a minimum, the following:

(1) The virtual currency kiosk operator’s legal name;

(2) Any fictitious or trade name of the virtual currency kiosk operator;

(3) Physical address of each virtual currency kiosk;

(4) Start date of operation of each virtual currency kiosk at the location;

(5) End date of operation of each virtual currency kiosk at the location, if applicable;
            and

(6) Virtual currency address(es) associated with each virtual currency kiosk.

History of Section.
P.L. 2025, ch. 113, § 2, effective June 23, 2025; P.L. 2025, ch. 114, § 2, effective
               June 23, 2025.