West Virginia SB887 regulates money transmission services, including virtual currency kiosks, by defining terms, setting licensure requirements, and.
West Virginia SB887 amends the state's money transmission laws to include virtual currency kiosks within the scope of money transmission services. The bill defines key terms such as "virtual currency," "virtual currency kiosk," and "virtual currency transaction." It mandates that virtual currency kiosk operators obtain a license through the Nationwide Multistate Licensing System and Registry by November 1, 2026, for operations starting January 1, 2027.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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