Wyoming Establishes Licensing Framework For Virtual Currency Kiosks

On March 6, Wyoming Governor Mark Gordon signed HB 0075 into law, establishing a regulatory framework for virtual currency kiosks and requiring compliance with the Wyoming Money Transmitters Act.

The new law brings virtual currency kiosks within Wyoming’s existing financial regulatory structure and clarifies that these consumer-facing terminals cannot operate outside the state’s money transmission and banking regimes. The statute defines a “virtual currency kiosk” broadly to include publicly accessible electronic terminals that facilitate exchanges of virtual currency for money, bank credit, or other virtual currency, including terminals that connect to a separate exchange or use the operator’s own virtual currency holdings. By covering both models, the law appears designed to reach a wide range of kiosk arrangements already in the market.