This bill modifies the Money Transmitter Act to regulate virtual currency kiosk operations.
This bill:
AI-generated summary, not yet reviewed by Better Utah staff. Please consult the bill text.
New rules would govern cryptocurrency kiosks — the ATM-like machines that let people exchange cash for Bitcoin or other digital currencies — requiring operators in Utah to obtain a state money transmitter license, register each machine with the state, and cap transaction fees at 3% of the transaction amount. The bill would limit individual customers to $1,000 per day in transactions and to a total of $2,000 until they've completed at least five transactions with that operator. Every kiosk would be required to display a bold fraud warning alerting customers that scams frequently target vulnerable people, including the elderly, and that cryptocurrency transactions are irreversible, and operators would have to provide itemized receipts and offer live customer service on weekdays. Violations would be treated as deceptive trade practices, with both the attorney general and the state's financial regulator authorized to enforce these rules and impose penalties.
Introduction
Jan 21
Senate Rules
Senate Committee
Senate 2nd Reading
Senate 3rd Reading
House Rules
House Committee
House Floor Vote
Governor
IntroductionJan 21
Senate Rules
Senate Committee
Senate 2nd Reading
Senate 3rd Reading
House Rules
House Committee
House Floor Vote
Governor
This bill modifies the Money Transmitter Act to regulate virtual currency kiosk operations.
This bill:
AI-generated summary, not yet reviewed by Better Utah staff. Please consult the bill text.
New rules would govern cryptocurrency kiosks — the ATM-like machines that let people exchange cash for Bitcoin or other digital currencies — requiring operators in Utah to obtain a state money transmitter license, register each machine with the state, and cap transaction fees at 3% of the transaction amount. The bill would limit individual customers to $1,000 per day in transactions and to a total of $2,000 until they've completed at least five transactions with that operator. Every kiosk would be required to display a bold fraud warning alerting customers that scams frequently target vulnerable people, including the elderly, and that cryptocurrency transactions are irreversible, and operators would have to provide itemized receipts and offer live customer service on weekdays. Violations would be treated as deceptive trade practices, with both the attorney general and the state's financial regulator authorized to enforce these rules and impose penalties.
Senate/ filed
Senate file for bills not passed
Senate/ strike enacting clause
Senate Secretary
LFA/ fiscal note sent to sponsor for SB0173
Version Sponsor
Senate/ 1st reading (Introduced)
Senate Rules Committee
Senate/ received bill from Legislative Research
Waiting for Introduction in the Senate
Last updated Aug 29, 2026, 5:26 PM