Kentucky HB823 establishes requirements for digital asset wallet providers, including customer service hours and assistance with password resets.
Kentucky HB823 introduces new regulations for digital asset wallet providers. It mandates that providers offer live customer service via a toll-free number during specified hours and assist customers with resetting passwords, pins, seed phrases, or other access information for self-hosted wallets. The bill also outlines penalties for violations, which are considered unfair, false, misleading, or deceptive acts in trade. These penalties include remedies and powers available to the Attorney General under existing statutes.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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