Minnesota Laws 2026, chapter 65 (SF 3868), virtual currency kiosks prohibited
Document text
Research, not advice. Part of the Bitcoin research archive (October 2026). Claims labelled unverified, contested or fringe are reported, not endorsed; statuses of bills and rules are as of the date checked. Government, court and patent records are public domain; the research notes are CC BY 4.0.
Chapter 65 - MN Laws Skip to main content Skip to footer Minnesota Legislature Advanced Search Search Legislature Search Menu House Minnesota House of Representatives House Members and Staff House Members Leadership Staff Employment Who Represents Me? Committees Committee List Committee Roster Upcoming Meetings Standing Committee Schedule Minutes Committee Deadlines Offices Chief Clerk Fiscal Analysis House Research Public Information Sergeant-at-Arms Caucuses - DFL/GOP Other Information House Journal House Rules Joint Rules Educational Programs Pronunciation Guide Address Spreadsheet Senate Minnesota Senate Senators and Staff Senators Leadership Staff Employment Who Represents Me? Committees Committee List Committee Roster Upcoming Meetings Standing Committee Schedule Committee Deadlines Offices Secretary of the Senate Senate Counsel, Research & Fiscal Analysis Caucuses - DFL/GOP Other Information Senate Journal Senate Rules Joint Rules Educational Programs Address Labels Subscriptions Joint Joint Department, Offices, and Commissions Joint Legislative Offices Legislative Budget Office Legislative Coordinating Commission (LCC) Legislative Reference Library Office of the Legislative Auditor Office of the Revisor of Statutes Commissions Legislative-Citizen Commission on MN Resources Legislative Commission on Pensions & Retirement Lessard-Sams Outdoor Heritage Council More... More Information Joint Offices Directory Joint Offices Staff Accessibility Legacy Amendment Schedules Schedules, Calendars, and Legislative Business House House Schedules Order of Business Calendar for the Day Supplemental Calendar for the Day Fiscal Calendar Senate Senate Schedules Order of Business Senate Calendar General Orders of the Day Joint Combined Upcoming Meetings Broadcast TV Schedule Committee Deadlines Committees Legislative Committees House Committee List Committee Roster Upcoming Meetings Standing Committee Schedule Minutes Senate Committee List Committee Roster Upcoming Meetings Standing Committee Schedule Joint Joint Committees & Task Forces Committee Deadlines Bills In Conference Committee Side by Side Comparisons Bills Bills House Bill Search & Status (House) Bill Introductions Bill Summaries Act Summaries Fiscal Tracking Sheets Senate Bill Search & Status (Senate) Bill Introductions Bill Summaries Act Summaries Fiscal Tracking Sheets Joint Bill Search & Status MyBills Side by Side Comparisons Bills In Conference Committee Vetoes Current Session Laws Law Statutes, Laws, and Rules Statutes Keyword Search Current Statutes Statutes by Topic (Index) Statutes Archive Session Laws Keyword Search Current Session Laws Session Laws by Topic (Index) Session Laws Archive Session Laws Changed (Table 1) Statutes Changed (Table 2) Administrative Rules Keyword Search Current Rules Rules by Topic (Index) Rules Archive Minnesota Rule Status State Register Other Legal Materials Minnesota Constitution State Constitutional Amendments Court Rules Multimedia Multimedia - Audio, Video, Broadcast TV, News, & Photos House Live Video Audio Webcast Schedule Audio & Video Archives Session Daily Photos Senate Live Video Audio Webcast Schedule Audio & Video Archives Senate Media Services Photos Joint Combined Media Page Legislative Media Archive Broadcast TV Schedule Commission Audio/Video Publications Legislative Research, Reports & Information Office Research & Reports House Fiscal Analysis House Research Senate Counsel Publications Legislative Auditor Revisor Publications Legislative Reference Library News House Session Daily Senate Media Services Senate Information Legislators Roster Member Guide Legislative History Legislative History Guide Legislators Past & Present House Journal Senate Journal Legislative Time Capsule Vetoes Notable Documents Fiscal Review Minnesota Issues Guides New Laws Books & reports Search Legislature Search Office of the Revisor of Statutes Office of the Revisor of Statutes Revisor Menu Retrieve by number Document type Statutes Laws Rules Bills GO Statutes Laws Rules Court Rules Constitution Revisor's Office Revisor Intranet Attorney Drafting Areas Staff Directory Office Duties Publications Educational Seminars Employment Openings Order Publications Search Law by Keyword Laws 94th Legislature (2025 - 2026) 2026 Regular Session Chapter 65 Minnesota Session Laws - 2026 Regular Session Authenticate PDF Resources Back to Session Keyword Search 2026 Regular Session Session Index (Topics) Session Laws Amended, Repealed, etc. (Table 1) Statutes New, Amended or Repealed (Table 2) Veto Information Chapter 65 History and Authors SF3868 Version List Key: (1) language to be deleted (2) new language CHAPTER 65--S.F.No. 3868 An act relating to commerce; prohibiting virtual currency kiosks; providing for customer payouts; amending Minnesota Statutes 2024, section 53B.69, subdivision 10; proposing coding for new law in Minnesota Statutes, chapter 53B; repealing Minnesota Statutes 2024, sections 53B.69, subdivisions 3b, 3c; 53B.75, subdivisions 1, 2, 3, 4, 5. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: Section 1. Minnesota Statutes 2024, section 53B.69, subdivision 10, is amended to read: Subd. 10. Virtual currency kiosk. "Virtual currency kiosk" means an electronic terminal acting as a mechanical agentnew text begin or a person acting on behalfnew text end of the virtual currency kiosk operator to enable the virtual currency kiosk operator to facilitate the exchange of virtual currency for money, bank credit, or other virtual currency, including but not limited to by (1) connecting directly to a separate virtual currency exchanger that performs the actual virtual currency transmission, or (2) drawing upon the virtual currency in the possession of the electronic terminal's operator. Sec. 2. new text begin [53B.751] VIRTUAL CURRENCY KIOSKS; PROHIBITION. new text end new text begin Subdivision 1. new text end new text begin Virtual currency kiosks prohibited. new text end new text begin (a) Beginning August 1, 2026, a person is prohibited from installing, operating, maintaining, or making available for use a virtual currency kiosk. new text end new text begin (b) On or before December 31, 2026, a virtual currency kiosk operator must remove the virtual currency kiosk from any location where the virtual currency kiosk is visible or accessible to the public. new text end new text begin Subd. 2. new text end new text begin Payout. new text end new text begin (a) On or before December 31, 2026, a virtual currency kiosk operator that conducts virtual currency transactions exclusively through a virtual currency kiosk must pay out any money or virtual currency held for or owed to a new or existing customer that exists as a result of virtual currency kiosk transactions. new text end new text begin (b) A new or existing customer may elect, at any time before December 31, 2026, to receive a payout under this subdivision: new text end new text begin (1) in United States dollars, in an amount equal to the market value of the customer's virtual currency plus any fiat currency; or new text end new text begin (2) to a virtual currency wallet designated by the customer. new text end new text begin (c) A virtual currency kiosk operator must make a payout under this subdivision in the manner elected by a new or existing customer under paragraph (b). If a new or existing customer elects the option under paragraph (b), clause (2), the virtual currency kiosk operator must transfer the full amount of the money and virtual currency being held for or owed to the new or existing customer to the customer's designated virtual currency wallet within 30 days of the date the customer submits the payout request. new text end new text begin (d) A payout to a new or existing customer must be recorded on the applicable blockchain. A virtual currency kiosk operator must retain proof that a transfer was made and must make retained proof available to the commissioner upon request. new text end new text begin Subd. 3. new text end new text begin Exception. new text end new text begin A virtual currency kiosk operator is not required to make a payout under subdivision 2 if the operator maintains, at all times, other lawful means for new and existing customers to access, transfer, redeem, or otherwise transact a customer's money or virtual currency that exists as a result of virtual currency kiosk transactions. new text end new text begin EFFECTIVE DATE. new text end new text begin This section is effective August 1, 2026. new text end Sec. 3. new text begin REPEALER. new text end new text begin (a) new text end new text begin Minnesota Statutes 2024, section 53B.75, subdivisions 1, 2, 3, and 5, new text end new text begin are repealed. new text end new text begin (b) new text end new text begin Minnesota Statutes 2024, sections 53B.69, subdivisions 3b and 3c; and 53B.75, subdivision 4, new text end new text begin are repealed. new text end new text begin EFFECTIVE DATE. new text end new text begin Paragraph (a) is effective August 1, 2026. Paragraph (b) is effective January 17, 2027. new text end Presented to the governor May 4, 2026 Signed by the governor May 5, 2026, 10:44 a.m. Official Publication of the State of Minnesota Revisor of Statutes About the Legislature Historical Information Employment/Internships Visiting the Capitol Accessibility Frequently Asked Questions Contact Your Legislator Who Represents Me? House Members Senators General Contact Contact a legislative librarian: (651) 296-8338 or Email Phone Numbers Submit website comments Get Connected House News Senate News MyBills Email Updates & RSS Feeds Minnesota Office of the Revisor of Statutes, Centennial Office Building, 3rd Floor, 658 Cedar Street, St. Paul, MN 55155