Money transmission; allowing Insurance Commissioner to require certain information for certain claim to exemption; requiring certain license to engage in business; allowing Commissioner to utilize Nationwide Multistate Licensing System. Effective date.

SB 1915 requires digital asset kiosk operators in Oklahoma to obtain a money transmitter license and comply with new reporting rules. It mandates quarterly location reports detailing company names, addresses, and operational dates for each kiosk, and allows the Insurance Commissioner to use the Nationwide Multistate Licensing System (NMLS) for licensing and enforcement. The bill directly affects businesses operating digital asset kiosks, imposing fines up to $2,000 per violation for unlicensed operation and requiring compliance with specific record-keeping and reporting standards. It modernizes Oklahoma's regulatory framework for these businesses while repealing outdated provisions of the Oklahoma Financial Transaction Reporting Act.