{"data":{"id":"us-ky/krs-286.13-085","jurisdiction":"us-ky","citation":"KRS 286.13-085","heading":"Permissible investments.  (Effective April 30, 2027)","body":"(1) Every virtual currency kiosk operator shall, at all times, maintain permissible\ninvestments that:\n(a) Have a market value that is computed in accordance with generally accepted\naccounting principles; and\n(b) Are not less than the aggregate amount of all of  the operator's and its agents'\noutstanding virtual currency kiosk transactions.\n(2) Except to the extent otherwise limited in subsection (3) of this section, the\ninvestments permitted under KRS 286.11-015 are permissible for a virtual currency\nkiosk operator.\n(3) The commissioner may:\n(a) Limit the extent to which a type of investment within a class of permissible\ninvestments may be considered a permissible investment, except for money,\ntime deposits, savings deposits, demand deposits, and certificates of deposit\nissued by a federally insured financial institution; and\n(b) By administrative regulation or order allow other types of investments that the\ncommissioner determines to be substantially equivalent to other permissible\ninvestments in regards to safety and soundness.\n(4) Permissible investments, even if commingled with other assets of the virtual\ncurrency kiosk operator, shall be deemed by operation of law to be held in trust for\nthe benefit of the purchasers and holders of the operator's outstanding v irtual\ncurrency kiosk transactions in the event of the operator's insolvency or bankruptcy.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=58292","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:16Z","sha256":"3f34f153a3baf3971512c3aeeffcf85b13124fffbb643c3a169f6b6d78a7bdfc","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.13-080","next":"us-ky/krs-286.13-090"},"notice":"GroundRules: Original legal text. Not legal advice."}