On March 11, South Dakota Governor Larry Rhoden signed Senate Bill 98, a new law that brings virtual currency kiosk operators within the state’s money transmission licensing framework and imposes a series of anti-fraud and consumer-protection requirements.
The law applies to businesses operating virtual currency kiosks and to certain in-person payment arrangements used to complete virtual currency transactions. It also treats a “virtual currency transaction” as a form of money transmission and adds these kiosk-specific obligations on top of South Dakota’s existing money transmission licensing framework.
Continue reading “South Dakota Enacts Licensing Framework for Virtual Currency Kiosks”









