KRS 286.13-020: Powers and duties of commissioner -- Administrative regulations --

Reports -- Aid of courts -- Construction of subtitle. (Effective April 30, 2027)

(1) (a) The commissioner:

1. Shall enforce the provisions of this subtitle; and

2. Subject to paragraph (b) of this subsection, may promulgate

administrative regulations in accordance with KRS Chapter 13A that the

commissioner determines are necessary to effectuate, or aid in the

effectuation of, this subtitle.

(b) The discretion to promulgate admi nistrative regulations under paragraph (a)2.

of this subsection shall be supplemental to any other provisions of this subtitle

relating to the promulgation of administrative regulations.

(2) (a) The commissioner may, by order, require licensees to file wit h the

commissioner any:

1. Special report that the commissioner determines is necessary for the

proper supervision of virtual currency kiosk business under this subtitle;

and

2. Regular report that is:

a. Developed as a uniform report by state regulators; and

b. Submitted in accordance with KRS 286.13-030.

(b) All reports filed under this subtitle shall contain a certification by an executive

officer or director of the licensee that attests to the truth and correctness of the

report.

(3) The commissioner may invoke the aid of the courts through injunction or other

proper process to:

(a) Enjoin any existing or threatened violation of this subtitle; or

(b) Enforce any proper order or action issued or taken by the commissioner.

(4) (a) The remedies and penalties set forth in this subtitle shall be cumulative.

(b) This subtitle shall not be construed to limit or restrict the powers, duties,

remedies, or penalties available to the commissioner or any other person

under any other statutory or common law.