The General Laws, as appearing in the 2022 Official Edition, are hereby amended by inserting after Chapter 167J the following new chapter:-   

 Chapter 167K Regulation of Virtual Currency Kiosks 

 Section 1. As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings:

 “Person”, an individual, firm, fiduciary, partnership, corporation, trust or association, however formed, or a club, trustee, agency or receiver.

 "Virtual currency kiosk", an electronic terminal acting as a mechanical agent of the virtual currency kiosk operator to enable the virtual currency kiosk operator to facilitate the exchange of virtual currency for money, bank credit, or other virtual currency, including but not limited to by (1) connecting directly to a separate “virtual currency exchange" that performs the actual virtual currency transmission, or (2) drawing upon the virtual currency in the possession of the electronic terminal's operator. 

 “Virtual-currency kiosk operator", a person or entity that engages in virtual-currency business activity via a money transmission kiosk located in the commonwealth or a person or entity that owns, operates, or manages a money transmission kiosk located in the commonwealth through which virtual-currency business activity is offered.

 Section 2. (a) A virtual currency kiosk operator may not operate a virtual currency kiosk in the commonwealth of Massachusetts.

 (b) A violation of subsection (a) is deemed to be in violation of section 2 of Chapter 93A of the general laws.

 (c) The attorney general is hereby granted the authority to bring action under subsection (b) pursuant to Chapter 93A against the following:

 (1) The virtual currency kiosk operator

 (2) The owner of the premises on which the virtual currency kiosk is located, if the owner knowingly or intentionally permitted the virtual currency kiosk to be on the premises.

 (d) If a court finds that a person has knowingly or intentionally operated 1 or more virtual currency kiosks in the commonwealth in violation of this chapter, the court may, in addition to any other penalty imposed under Chapter 93A, order the following:

 (1) That the person forfeit the amount of any charges that were collected by the person from users of the virtual currency kiosks or kiosks during the period in which the person operated the virtual currency kiosk of kiosks in violation of this chapter.

 (2) That the person forfeit any virtual currency kiosk that is owned by the person and located in the commonwealth.

 (3) That the person pay to the attorney general all costs associated with the investigation of the violation.

 Section 4. This act shall take effect upon its passage.