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Kentucky bills · 2026 Regular Session

Kentucky SB 189

AN ACT relating to the regulation of digital asset business.

  1. Introduced
  2. In committee
  3. Passed Senate
  4. Passed House
  5. To Governor
  6. Became law

Sponsors

No sponsor recorded.

Summary

Official abstract published by the Kentucky legislature· Summary of Original Version

Establish Subtitle 13 of KRS Chapter 286 and create new sections thereof to regulate virtual currency kiosks; establish definitions; provide for enforcement by the commissioner of the Department of Financial Institutions; establish license requirements for virtual currency kiosks; require regulatory filings to be submitted to a nationwide licensing system registry; establish initial and renewal application processes and requirements, reporting, surety bond and tangible net worth, and change of control requirements for virtual currency kiosk operators; require the commissioner to promulgate administrative regulations to establish format, document submission, fee, and trade practice requirements for virtual currency kiosk operators; establish record retention requirements for persons required to be licensed as virtual currency kiosk operators; establish trade practice requirements relating to protection of resident assets, virtual currency kiosk transactions, prohibited practices, and fraud and information security compliance procedures; authorize the commissioner to conduct investigations and examinations; provide for the confidentiality of certain documents provided to the commissioner; authorize the commissioner to share, disclose, and report information and take other actions to assist in the commissioner's duties; require the commissioner to submit an annual licensing report to the Legislative Research Commission; establish due process requirements for adverse actions taken by the commissioner against licensees and other persons; establish requirements for the denial, suspension, or revocation of a license; authorize the commissioner to enter cease and desist orders and emergency orders; authorize the commissioner to order civil penalties against persons that violate the subtitle; require the commissioner of the Department of Financial Institutions to promulgate any required emergency and ordinary administrative regulations on or before January 1, 2027; EFFECTIVE, in part, March 31, 2027.

Text versions

Roll-call votes

State vote data last updated Oct 15, 2026, 4:08 AM.

DateVoteResultYour legislators
Apr 1, 2026
Senate
FINAL PASSAGE OF SB 189 w/ HCS 1, HFA 2, HCA 1 (T)passSet your home in Kentucky to see
Apr 1, 2026
Senate
PasspassSet your home in Kentucky to see
Apr 1, 2026
Senate
AdoptpassSet your home in Kentucky to see
Mar 2, 2026
Senate
PASS SB 189 w/ SCS 1, SFA 2passSet your home in Kentucky to see

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