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Virginia bills · 2026 Regular Session

Virginia SB 489

Financial institutions and services; virtual currency kiosk operators, license required, penalties.

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

Sponsors

Cosponsors (3)

Summary

Official abstract published by the Virginia legislature· SUMMARY AS PASSED

Financial institutions and services; virtual currency kiosk operators; license required; penalties. Establishes requirements for the operation of virtual currency kiosks, as defined in the bill, including a requirement that a virtual currency kiosk operator obtain licensure with the State Corporation Commission. The bill requires operators to file annual and quarterly reports, provide certain disclosures, and take reasonable steps to detect and prevent fraud and money laundering. The bill prohibits operators from accepting transactions above specified daily and monthly limits and establishes a maximum transaction charge of 18 percent of the value of such transaction. A person who violates the bill's provisions is subject to a fine of up to $1,000 per violation as well as the existing enforcement provisions of the Virginia Consumer Protection Act. This bill is identical to HB 665.

Text versions

Roll-call votes

State vote data last updated Oct 14, 2026, 12:15 PM.

DateVoteResultYour legislators
Mar 2, 2026
Senate		Concur House Amendments RpassSet your home in Virginia to see
Feb 26, 2026
House		H VOTE:passSet your home in Virginia to see
Feb 23, 2026
House		Reported from Communications, Technology and Innovation with amendment(s)passSet your home in Virginia to see
Feb 9, 2026
Senate		Passage RpassSet your home in Virginia to see
Feb 5, 2026
Senate		Constitutional reading dispensed RpassSet your home in Virginia to see
Feb 4, 2026
Senate		Reported from Finance and AppropriationspassSet your home in Virginia to see
Jan 26, 2026
Senate		Reported from Commerce and Labor with substitutepassSet your home in Virginia to see

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