KRS 286.13-025: Engaging in virtual currency kiosk business -- License. (Effective April

30, 2027)

(1) (a) A person shall not engage in virtual currency kiosk business in this state

without:

1. A license; and

2. First obtaining, for each:

a. Agent, the writt en approval of the commissioner to designate the

agent to engage in virtual currency kiosk business in this state on

behalf of the person; and

b. Location at which the person, or an agent of the person, engages in

virtual currency kiosk business in this state:

i. Any license, permit, registration, or other authorization

required for the person, agent, or location under any

applicable local ordinance, resolution, or regulation; and

ii. The written approval of the commissioner to do business at

the location, as provided in KRS 286.13-045.

(b) Except as provided in paragraph (c) of this subsection, a person shall be

deemed to be engaged in virtual currency kiosk business in this state if t he

person:

1. Owns, operates, solicits, markets, or advertises a virtual currency kiosk

located in this state; or

2. Engages in, or holds out as being able to engage in, a virtual currency

kiosk transaction with or on behalf of any virtual currency kiosk user.

(c) A person shall not be deemed to be engaged in virtual currency kiosk business

in this state solely because the person leases space to, or otherwise contracts

for or allows, a virtual currency kiosk operator to locate a virtual currency

kiosk at a store or locale in this state.

(2) A license shall:

(a) Be valid unless it is:

1. Revoked or suspended by the commissioner;

2. Surrendered by the licensee; or

3. Expired;

(b) Except as provided in KRS 286.13-065, not be transferred or assigned; and

(c) Expire on December 31 of the year in which it is issued, unless renewed or

reinstated in accordance with KRS 286.13-060.