A 10899 New York Assembly · 2025 Regular Session

Relates to crypto kiosks

This bill establishes a regulatory framework for crypto kiosks and cashier crypto exchanges within the state, requiring operators to obtain a license from the banking superintendent. It mandates clear disclosures to consumers regarding fees, exchange rates, and contact information, while also requiring specific warnings about potential scams before a transaction is completed. The legislation sets rules for transaction limits, fraud refunds, and anti-money laundering procedures, ensuring that operators maintain customer service standards and provide transaction receipts. Ultimately, the bill aims to bring digital currency exchanges under existing banking laws to protect consumers and prevent financial fraud.

Issues: ✓ Technology

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2026

Committee Review

Floor Vote

Governor

Introduced Apr 8, 2026 Last action May 29, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

A10899B → A10899C · 5 edits

MODERATE

The bill was amended to add new sponsors and include additional committee reviews before final passage. The definitions section was significantly updated to expand protections by explicitly including 'cashier crypto exchanges' in key terms like 'consumer' and 'operator,' ensuring these new types of transactions are covered by the same rules as physical crypto kiosks.

Scope change

The bill's scope was expanded to explicitly include 'cashier crypto exchanges' (transactions conducted at retail stores) alongside traditional 'crypto kiosks,' ensuring both are subject to the same licensing, disclosure, and consumer protection requirements.

ELIGIBILITY

Added new sponsors (Kassay, Santabarbara) and additional committee steps (Codes, Rules) to the bill's legislative history.

DEFINITION

Updated the definition of 'Consumer' to include users of cashier crypto exchanges, not just crypto kiosks.

Updated the definition of 'Crypto kiosk' to clarify it covers exchanging money for virtual currency or vice versa.

Updated the definition of 'Operator' to explicitly include those managing cashier crypto exchanges.

Updated the definition of 'Cashier crypto exchange' to clarify it involves money or virtual currency collected at a retailer acting as an agent.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 29, 2026

Lower · Passed

AMEND AND RECOMMIT TO RULES 10899C

lower

May 28, 2026

Committee

REPORTED REFERRED TO RULES

lower

May 18, 2026

Committee

REPORTED REFERRED TO CODES

lower

May 15, 2026

Lower · Passed

PRINT NUMBER 10899B

lower

May 15, 2026

Lower · Passed

PRINT NUMBER 10899A

lower

May 15, 2026

Lower · Passed

AMEND AND RECOMMIT TO BANKS

lower

Apr 8, 2026

Committee

REFERRED TO BANKS

lower

1 primary · 11 co-sponsors