SB 489 — Financial institutions and services; virtual currency kiosk operators, license required, penalties.
VA 20261 session
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.
Latest action: — Acts of Assembly Chapter
Sponsors (4)
- Saddam Azlan Salim (D, VA) — sponsor
- Michelle Lopes Maldonado (D, VA) — cosponsor
- Sam Rasoul (D, VA) — cosponsor
- Irene Shin (D, VA) — cosponsor
Action timeline (41)
- · senate · S4020 —
- · senate · S0201 —
- · senate · S8500 —
- · senate · S8122 —
- · senate · S8122 —
- · senate · S8122 —
- · senate · S0208 —
- · senate · S4640 —
- · senate · S0505 —
- · senate · S4150 —
- · senate · S4140 —
- · senate · S4160 —
- · senate · S4150 —
- · senate · S8500 —
- · senate · S4120 —
- · senate · S4410 —
- · senate · S4600 —
- · senate · S4601 —
- · senate · S5000 —
- · house · H5220 —
- · house · H4110 —
- · house · H2101 —
- · house · H8122 —
- · house · H2107 —
- · house · H8122 —
- · house · H4120 —
- · house · H4130 —
- · house · H4212 —
- · house · H4602 —
- · house · H5021 —
- · senate · S5431 —
- · senate · S5610 —
- · senate · S5601 —
- · house · H5620 —
- · senate · S5620 —
- · senate · S7010 —
- · G7010 —
- · senate · S8500 —
- · G7050 —
- · G7050 —
- · G9998 —
Text versions (0)
No text versions on file yet — same ingest as the action timeline populates these. Each version has direct links to the XML / HTML / PDF at govinfo.gov.
Bill text (extracted)
Amendments
Congressional Research Service briefs (0)
CRS reports that cite this bill in their relatedMaterials — what Congress was reading on the topic. Click any report for its summary, formats, and bill-citation walk.
No CRS reports cite this bill yet.
Who matters on this bill
Who matters
Members ranked by combined influence on this bill: role (sponsor 5 / cosponsor 1), capped speech count from the Congressional Record, and recorded-vote engagement.
| # | Member | Role | Speeches | Voted | Score |
|---|---|---|---|---|---|
| 1 | Saddam Azlan Salim (D, state_upper VA) | sponsor | 0 | — | 5 |
| 2 | Irene Shin (D, state_lower VA) | cosponsor | 0 | — | 1 |
| 3 | Michelle Lopes Maldonado (D, state_lower VA) | cosponsor | 0 | — | 1 |
| 4 | Sam Rasoul (D, state_lower VA) | cosponsor | 0 | — | 1 |
Stance (positions taken)
Predicted vote
Aggregated from: actual roll-call votes (when present) → sponsor → cosponsor → party median (predicts YES when ≥25% of the caucus sponsored/cosponsored). Each row labels its confidence tier so you can see why a position was predicted.
0 predicted yes (0%) · 543 predicted no (100%) · 0 unknown (0%)
By party: · R: 0 yes / 277 no · D: 0 yes / 263 no · I: 0 yes / 3 no