# Virginia HB665: Financial institutions and services; virtual currency kiosk operators, license required, penalties.

Virginia HB665, Financial institutions and services; virtual currency kiosk operators, license required, penalties., is a 2026 Regular Session House bill sponsored by Michelle Lopes Maldonado (Democratic); status signed, last action 2026-04-13 (Acts of Assembly Chapter text (CHAP0654)); PRIA reads it as touching household money (as of 2026-10-12).

- Canonical: https://policyrisk.com/state-bill/VA-HB665-2026
- As of: 2026-10-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Virginia HB665
- State: Virginia
- Session: 2026 Regular Session
- Title: Financial institutions and services; virtual currency kiosk operators, license required, penalties.
- Status: signed
- Chamber: House
- Introduced: 2026-01-13
- Last action: 2026-04-13, Acts of Assembly Chapter text (CHAP0654)
- Sponsor: Michelle Lopes Maldonado (Democratic)
- Cosponsors: 0
- Touches household money: yes
- Roll calls: 9 (292 yes, 29 no in all)
- Economic provisions PRIA read: 10

## Summary

Financial institutions and services; virtual currency kiosk operators; license required; penalties. Establishes requirements for the operation of virtual currency kiosks, as defined in the bill, including a requirement that a virtual currency kiosk operator obtain licensure with the State Corporation Commission. The bill requires operators to file annual and quarterly reports, provide certain disclosures, and take reasonable steps to detect and prevent fraud and money laundering. The bill prohibits operators from accepting transactions above specified daily and monthly limits and establishes a maximum transaction charge of 18 percent of the value of such transaction. A person who violates the bill's provisions is subject to a fine of up to $1,000 per violation as well as the existing enforcement provisions of the Virginia Consumer Protection Act. This bill is identical to SB 489.

## Bill overview: provisions PRIA read

- Kiosk fraud victims get fee refunds: benefit, low. Beginning July 1, 2027, fraud victims can recover kiosk transaction fees, not the full amount sent. Users must notify the operator within 90 days and provide a police report, government report, or sworn statement within 120 days. Both deadlines run from the transaction date; refunds use the origina…
- Kiosk users get transaction fee caps: benefit, low. Beginning July 1, 2027, virtual currency kiosk charges cannot exceed 18% of a single transaction’s value. Charges include price spreads and transaction, wallet creation, exchange, and transfer fees. The cap also includes charges related to the law’s annual regulatory fee.
- Kiosk users get warnings and support: benefit, low. Beginning July 1, 2027, kiosks must clearly show terms, charges, exchange rates, risks, and owner contacts in users’ chosen language. Risk notices include the lack of government or FDIC backing; users must acknowledge required disclosures at each interaction. A readable scam warning must include th…
- Kiosk users gain stronger enforcement protections: benefit, low. Beginning July 1, 2027, kiosk-law violations are prohibited practices under Virginia’s Consumer Protection Act. The Commission can suspend or revoke licenses for listed violations, fraud judgments, unpaid fees, refused examinations, or ignored orders. Specified senior staff and owners’ acts count a…
- Kiosk operators must report business activity: cost, low. Beginning July 1, 2027, operators must keep separate business records at licensed offices and answer state requests by the stated deadline. Without a stated deadline, responses and materials are due within 30 days. Annual sworn reports are due March 31 for the prior year; location reports are due w…
- Kiosk operators pay for state oversight: cost, low. Beginning July 1, 2027, the state must examine each kiosk licensee at least once every three years. Operators must provide access to locations and records; agreements with third-party hosts must guarantee state access to kiosks. Operators pay an annual state-set fee based on business volume and ove…
- Kiosk owners face approval and notices: cost, low. Beginning July 1, 2027, kiosk licenses cannot be transferred, and kiosks must use the name on the license. Operators must report kiosk openings, moves, removals, or deactivations within 10 days and report specified leadership changes. Acquiring 25% or more of voting shares or other ownership genera…
- Kiosk fraud checks require personal information: mixed, low. Beginning July 1, 2027, operators must check identity before accepting payment for every attempted transaction. Users must use their true identity and provide a government ID copy, name, birth date, phone, address, and email. Operators must maintain written fraud and money-laundering controls and u…
- Kiosk limits add time to cancel: mixed, low. Beginning July 1, 2027, each kiosk user faces a $5,000 daily limit and a $10,000 monthly limit. A new user’s transaction cannot exceed $2,000 per day, in dollars or the equivalent virtual currency. Operators must hold each new-user transaction for at least 48 hours before completion. During the hol…
- Kiosk operators need screened state licenses: mixed, low. Beginning July 1, 2027, operators need a State Corporation Commission license to offer transactions or locate kiosks in Virginia. Unlicensed transactions are void, and related charges cannot be collected or kept. Applicants must file sworn ownership and location information, pay a nonrefundable sta…

## Sponsors and cosponsors

- Sponsor: Michelle Lopes Maldonado (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-04 | House | Senate substitute agreed to by House | pass | 84 | 10 |   |
| 2026-03-04 | Senate | Commerce and Labor Substitute agreed to | pass | 0 | 0 |   |
| 2026-03-04 | Senate | Passed Senate with substitute | pass | 40 | 0 |   |
| 2026-03-03 | Senate | Passed by for the day Block Vote (Voice Vote) | pass | 0 | 0 |   |
| 2026-03-03 | Senate | Constitutional reading dispensed Block Vote (on 2nd reading) | pass | 40 | 0 |   |
| 2026-03-03 | Senate | Reported from Finance and Appropriations | pass | 15 | 0 |   |
| 2026-02-23 | Senate | Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations | pass | 13 | 0 | 1 |
| 2026-02-06 | House | Read third time and passed House | pass | 84 | 13 |   |
| 2026-02-02 | House | Reported from Communications, Technology and Innovation with substitute | pass | 16 | 6 |   |

## Actions (36)

- 2026-04-13: Acts of Assembly Chapter text (CHAP0654) (Governor)
- 2026-04-13: Approved by Governor-Chapter 654 (effective 7/1/2026) (Governor)
- 2026-04-06: Fiscal Impact Statement from State Corporation Commission (HB665) (House)
- 2026-03-14: Governor's Action Deadline 11:59 p.m., April 13, 2026 (Governor)
- 2026-03-14: Enrolled Bill communicated to Governor on March 14, 2026 (House)
- 2026-03-12: Signed by Speaker (House)
- 2026-03-11: Bill text as passed House and Senate (HB665ER) (House)
- 2026-03-11: Enrolled (House)
- 2026-03-11: Signed by President (Senate)
- 2026-03-04: Senate substitute agreed to by House (84-Y 10-N 0-A) (House)
- 2026-03-04: Passed Senate with substitute (40-Y 0-N 0-A) (Senate)
- 2026-03-04: Commerce and Labor Substitute agreed to (Senate)
- 2026-03-04: Engrossed by Senate - committee substitute (Senate)
- 2026-03-04: Read third time (Senate)
- 2026-03-03: Passed by for the day Block Vote (Voice Vote) (Senate)
- 2026-03-03: Constitutional reading dispensed Block Vote (on 2nd reading) (40-Y 0-N 0-A) (Senate)
- 2026-03-03: Rules suspended (Senate)
- 2026-03-03: Reported from Finance and Appropriations (15-Y 0-N) (Senate)
- 2026-03-02: Fiscal Impact Statement from State Corporation Commission (HB665) (House)
- 2026-02-24: Committee substitute printed 26108481D-S1 (Senate)
- 2026-02-23: Senate committee offered (Senate)
- 2026-02-23: Reported from Commerce and Labor with substitute and rereferred to Finance and Appropriations (13-Y 0-N 1-A) (Senate)
- 2026-02-09: Referred to Committee on Commerce and Labor (Senate)
- 2026-02-09: Constitutional reading dispensed (on 1st reading) (Senate)
- 2026-02-06: Read third time and passed House (84-Y 13-N 0-A) (House)
- 2026-02-05: Engrossed by House - committee substitute (House)
- 2026-02-05: committee substitute agreed to (House)
- 2026-02-05: Read second time (House)
- 2026-02-04: Fiscal Impact Statement from State Corporation Commission (HB665) (House)
- 2026-02-04: Read first time (House)
- 2026-02-02: Committee substitute printed 26106154D-H1 (House)
- 2026-02-02: House committee offered (House)
- 2026-02-02: Reported from Communications, Technology and Innovation with substitute (16-Y 6-N) (House)
- 2026-01-27: Fiscal Impact Statement from State Corporation Commission (HB665) (House)
- 2026-01-13: Referred to Committee on Communications, Technology and Innovation (House)
- 2026-01-13: Prefiled and ordered printed; Offered 01-14-2026 26105316D (House)

## Bill text

- Chaptered, 2026-04-13: [HTML](https://lis.blob.core.windows.net/files/1221626.HTML), [PDF](https://lis.blob.core.windows.net/files/1221625.PDF)
- Enrolled, 2026-03-11: [HTML](https://lis.blob.core.windows.net/files/1199366.HTML), [PDF](https://lis.blob.core.windows.net/files/1199365.PDF)
- Substitute, 2026-02-24: [HTML](https://lis.blob.core.windows.net/files/1177654.HTML), [PDF](https://lis.blob.core.windows.net/files/1177653.PDF)
- Amendment, 2026-02-23: [HTML](https://lis.blob.core.windows.net/files/1177135.HTML)
- Substitute, 2026-02-02: [HTML](https://lis.blob.core.windows.net/files/1105648.HTML), [HTML](https://lis.blob.core.windows.net/files/1105687.HTML), [PDF](https://lis.blob.core.windows.net/files/1105647.PDF), [PDF](https://lis.blob.core.windows.net/files/1105686.PDF)
- Introduced, 2026-01-13: [HTML](https://lis.blob.core.windows.net/files/1085416.HTML), [PDF](https://lis.blob.core.windows.net/files/1085415.PDF)

## Related bills

- HB5: Employment; paid sick leave, civil penalties. (signed)
- SB199: Employment; paid sick leave, civil penalties. (signed)
- HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with rental agreement. (signed)
- HB1393: Electric utilities; pilot program for energy assistance and weatherization for certain individuals. (signed)
- HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, termination by landlord. (signed)
- HB675: Protection of employees; coercion or threat based on immigration status, civil penalty. (signed)

## Sources
- [Chaptered (HTML)](https://lis.blob.core.windows.net/files/1221626.HTML)
- [Chaptered (PDF)](https://lis.blob.core.windows.net/files/1221625.PDF)
- [Enrolled (HTML)](https://lis.blob.core.windows.net/files/1199366.HTML)
- [Enrolled (PDF)](https://lis.blob.core.windows.net/files/1199365.PDF)
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1177654.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1177653.PDF)
- [Amendment (HTML)](https://lis.blob.core.windows.net/files/1177135.HTML)
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1105648.HTML)
- [Substitute (HTML)](https://lis.blob.core.windows.net/files/1105687.HTML)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1105647.PDF)
- [Substitute (PDF)](https://lis.blob.core.windows.net/files/1105686.PDF)
- [Introduced (HTML)](https://lis.blob.core.windows.net/files/1085416.HTML)
- [Introduced (PDF)](https://lis.blob.core.windows.net/files/1085415.PDF)

## Related
- [HB5: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-HB5-2026)
- [SB199: Employment; paid sick leave, civil penalties.](https://policyrisk.com/state-bill/VA-SB199-2026)
- [HB95: Va. Residential Landlord and Tenant Act; landlord remedies, noncompliance with…](https://policyrisk.com/state-bill/VA-HB95-2026)
- [HB1393: Electric utilities; pilot program for energy assistance and weatherization for…](https://policyrisk.com/state-bill/VA-HB1393-2026)
- [HB834: Virginia Residential Landlord and Tenant Act; fire or casualty damage, terminat…](https://policyrisk.com/state-bill/VA-HB834-2026)
- [HB675: Protection of employees; coercion or threat based on immigration status, civil…](https://policyrisk.com/state-bill/VA-HB675-2026)
- [Virginia bills](https://policyrisk.com/states/virginia/bills)
- [Virginia state hub](https://policyrisk.com/states/virginia)
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Source: PRIA, https://policyrisk.com/state-bill/VA-HB665-2026 (as of 2026-10-12).