2025 Regular Session • Rhode Island Legislature
S0016: Establishes regulation by DBR over the practices and procedures of virtual currency kiosk operators to prevent fraud related to the use of virtual currency kiosks, by establishing daily transaction limits and the regulating of fees.
Legislative Summary
FINANCIAL INSTITUTIONS -- CURRENCY TRANSMISSIONS - Establishes regulation by DBR over the practices and procedures of virtual currency kiosk operators to prevent fraud related to the use of virtual currency kiosks, by establishing daily transaction limits and the regulating of fees.
Demographic Impact
Overall analysis of equity impact
60% Positive
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Bill History
1/23/2025
Introduced, referred to Senate Commerce
Senate
3/14/2025
Scheduled for hearing and/or consideration (03/18/2025)
Senate
3/18/2025
Committee recommended measure be held for further study
Senate
5/30/2025
Scheduled for consideration (06/02/2025)
Senate
5/30/2025
Proposed Substitute
Senate
Status Information
Current Status
Introduced(1/23/2025)
Chamber
Senate
Sponsors
Democrat: 7
Primary Sponsor
Victoria Gu
Democrat