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AlabamaHB3032026 Regular SessionHouseWALLET

Cryptocurrency; measures to prevent fraud by cryptocurrency kiosk operators imposed, penalties established, Alabama Securities Commission authorized to enforce

Sponsored By: Russell Bedsole (Republican)

Enacted

Businesses & Financial Institutions

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Bill Overview

Analyzed Economic Effects

6 provisions identified: 4 benefits, 1 costs, 1 mixed.

Refunds for kiosk fraud victims

Beginning October 1, 2026, kiosk operators must refund customers tricked into transactions by fraud. New customers get the full transaction amount, including fees; existing customers get half of the amount, including fees. New customers include first-time Alabama users and those within 30 days after their first transaction. Within 60 calendar days after the transaction, customers must contact the operator and either law enforcement or the Alabama Securities Commission, and file a fraud report with either agency. Missing required disclosures or receipts does not remove the right to a refund.

Kiosk fraud checks and spending limits

Beginning October 1, 2026, new kiosk customers face limits of $1,000 per calendar day and $10,000 per calendar month. New status covers the first Alabama transaction and the following 30 days; existing customers have a $10,500 daily limit. Limits combine transactions across an operator’s Alabama kiosks and cover equivalent amounts of foreign currency or cryptocurrency. Operators must verify identity for every transaction using a process that follows federal law. To guard against fraud, operators must use blockchain tracking tools and block transactions involving wallets or addresses flagged for fraud or other crimes.

Clearer costs and help for kiosk customers

Beginning October 1, 2026, Alabama kiosks must show transaction amounts in dollars and cryptocurrency, all fees in dollars, and exchange rates showing markups over market prices. Customers must acknowledge these terms and separately accept two clearly displayed fraud warnings before proceeding. Paper or digital receipts must list operator contacts, transaction type, amount, date and time, receiving address, sender, known recipient, fees, exchange rate, and required refund information; digital receipts also include the full transaction hash and go to the customer and Alabama Securities Commission. U.S.-headquartered operators must provide live, U.S.-based, toll-free help 24/7, display the number prominently, and report Alabama fraud calls when the Commission requests them. Operators cannot share a kiosk with a financial institution or use signs suggesting affiliation with one.

Extra kiosk safeguards for older customers

Beginning October 1, 2026, Alabama kiosk operators must use extra checks to protect customers age 60 or older. The Alabama Securities Commission must adopt rules explaining those checks. The law itself does not specify the steps operators must take.

Stronger state oversight of cryptocurrency kiosks

Beginning October 1, 2026, the Alabama Securities Commission oversees covered kiosks operating in Alabama, including out-of-state operators. Operators must maintain frequently monitored U.S. phone and email channels for government agencies and provide tracking data when the Commission requests it. They must keep refund-request records, provide customer identity and receipt information on request, and follow applicable federal financial-crime reporting rules. The Commission can adopt enforcement rules and impose civil penalties for violations; this chunk states no penalty amount. State enforcement does not replace other criminal actions or civil liability under Alabama law.

Privacy coins banned on covered platforms

Beginning October 1, 2026, covered operators cannot allow customers to buy, sell, or send privacy coins. The ban covers cryptocurrency kiosks and online platforms serving Alabama. The law states no exception to this ban.

Sponsors & Cosponsors

Sponsor

  • Russell Bedsole

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 465 • No: 1

House vote • 3/31/2026

Bedsole Concur In and Adopt - Adopted Roll Call 1115

Yes: 66 • No: 0 • Other: 32

Senate vote • 3/17/2026

Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 922

Yes: 30 • No: 0

Senate vote • 3/17/2026

Woods motion to Adopt - Adopted Roll Call 921

Yes: 30 • No: 0

Senate vote • 3/17/2026

Third Reading in Second House

Yes: 30 • No: 0

House vote • 2/24/2026

Motion to Adopt - Adopted Roll Call 573

Yes: 103 • No: 0 • Other: 1

House vote • 2/24/2026

Third Reading in House of Origin

Yes: 104 • No: 0

House vote • 2/24/2026

Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 574

Yes: 102 • No: 1

Actions Timeline

  1. Enacted

    4/8/2026House

  2. Enrolled

    4/1/2026House

  3. Signature Requested

    4/1/2026Senate

  4. Delivered to Governor

    4/1/2026House

  5. Bedsole Concur In and Adopt - Adopted Roll Call 1115

    3/31/2026House

  6. Ready to Enroll

    3/31/2026House

  7. Third Reading in Second House

    3/17/2026Senate

  8. Fiscal Responsibility and Economic Development 1st Amendment Offered

    3/17/2026Senate

  9. Albritton motion to Table - Adopted Voice Vote

    3/17/2026Senate

  10. Woods 1st Amendment Offered

    3/17/2026Senate

  11. Woods motion to Adopt - Adopted Roll Call 921

    3/17/2026Senate

  12. Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 922

    3/17/2026Senate

  13. Fiscal Responsibility and Economic Development 1st Amendment

    3/11/2026Senate

  14. Reported Out of Committee Second House

    3/11/2026Senate

  15. Read for the Second Time and placed on the Calendar

    3/11/2026Senate

  16. Read for the first time and referred to the Senate Committee on Fiscal Responsibility and Economic Development

    2/25/2026Senate

  17. Pending Committee Action in Second House

    2/25/2026Senate

  18. Third Reading in House of Origin

    2/24/2026House

  19. State Government 1st Substitute Offered

    2/24/2026House

  20. Motion to Adopt - Adopted Roll Call 573

    2/24/2026House

  21. Motion to Read a Third Time and Pass as Amended - Adopted Roll Call 574

    2/24/2026House

  22. Engrossed

    2/24/2026House

  23. Read for the Second Time and placed on the Calendar

    2/5/2026House

  24. State Government 1st Substitute

    2/4/2026House

  25. Reported Out of Committee House of Origin

    2/4/2026House

Bill Text

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