SF 4701 Minnesota Senate · 2025-2026 Regular Session

Virtual currency kiosks prohibition provision

This bill prohibits any person from placing or operating virtual currency kiosks within Minnesota, directly affecting businesses that currently offer cryptocurrency exchange services through physical kiosks. The legislation repeals existing state laws that previously regulated these kiosks, including definitions for customers and transaction limits, as well as requirements for risk disclosures and transaction procedures. By removing the legal framework that allowed such kiosks to operate, the bill effectively bans the physical presence of cryptocurrency exchange machines in the state.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2026
Committee Review
Floor Vote
Governor
Introduced Mar 23, 2026 Last action Mar 23, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Mar 23, 2026
Committee
Referred to Commerce and Consumer Protection
upper
Mar 23, 2026
Introduced
Introduction and first reading
upper
1 primary · 4 co-sponsors

Sponsors