SB 98 creates new regulations for virtual currency kiosks (machines and apps that let people buy and sell cryptocurrency) to prevent fraud by requiring operators to be licensed and follow specific rules. The bill defines key terms like what counts as a virtual currency kiosk, who can operate them legally, and what fees users can be charged for these transactions. This is new law for South Dakota, establishing the first state requirements for how cryptocurrency kiosks must operate.
AI-generated summary
This bill does not directly amend codified state law.
Commerce and Energy Scheduled for hearing
First read in House and referred to House Commerce and Energy H.J. 355
Senate Do Pass Amended Passed, YEAS 31, NAYS 2. S.J. 284
Senate Remove from Consent Calendar S.J. 261
Commerce and Energy Certified uncontested, placed on consent
Commerce and Energy Do Pass Amended Passed, YEAS 7, NAYS 0.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 66
Prime sponsor · Rep
R
Dist. HD-024
Prime sponsor · Sen
R
Dist. SD-002
cosponsor · Sen
R
Dist. SD-003
cosponsor · Rep
D
Dist. HD-026
cosponsor · Rep
D
Dist. HD-015
cosponsor · Sen
R
Dist. SD-005
cosponsor · Sen
R
Dist. SD-024
cosponsor · Rep
D
Dist. HD-015
Liz Larson
cosponsor · Sen
D
Dist. SD-010
cosponsor · Rep
R
Dist. HD-005
cosponsor · Rep
R
Dist. HD-007
cosponsor · Sen
R
Dist. SD-001
cosponsor · Rep
D
Dist. HD-032
cosponsor · Rep
R
Dist. HD-023
cosponsor · Rep
R
Dist. HD-008
Timothy Goodwin
cosponsor · Rep
R
Dist. HD-030
cosponsor · Sen
R
Dist. SD-025
Do Pass Amended
Do Pass Amended
Do Pass Amended