{"AmendmentNumber":"374","ParentBillNumber":"S3178","Bill":null,"Sponsor":{"Id":"JJC0","Name":"John J. Cronin","Type":1,"Details":"https://malegislature.gov/api/GeneralCourts/194/LegislativeMembers/JJC0","ResponseDate":"2026-07-22T15:34:04.39"},"Category":null,"Action":"Adopted","RollCall":[],"Title":"Stop Cryptocurrency ATM Misuse","Branch":"Senate","RedraftNumber":1,"IsFurther":false,"GeneralCourtNumber":194,"Text":"Messrs. Cronin, Feeney, Lewis and Mark, Ms. Jehlen, Ms. Rausch, Messrs. Fernandes, Oliveira, Keenan and Montigny and Ms. Lovely move that the proposed new text be amended by inserting after section 137 the following section:-\r\n\"SECTION 137A. The General Laws are hereby amended by inserting after chapter 167J the following chapter:-\r\nChapter 167K Regulation of Virtual Currency Kiosks\r\nSection 1. As used in this chapter, the following words shall  have the following meanings unless the context clearly requires otherwise:\r\n“Person”, an individual, firm, fiduciary, partnership, corporation, trust or association, however formed, or a club, trustee, agency or receiver.\r\n\"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: (i) connecting directly to a separate virtual currency exchange that performs the actual virtual currency transmission; or (ii) drawing upon the virtual currency in the possession of the electronic terminal's operator.\r\n“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 or the owner or lessee of a premises who knowingly or intentionally permits the virtual currency kiosk to be operated on the premises.\r\nSection 2. (a) A virtual currency kiosk operator may not operate a virtual currency kiosk in the commonwealth.\r\n(b) A violation of subsection (a) shall constitute a violation of section 2 of chapter 93A and the attorney general may bring a civil action for injunctive or other equitable relief to enforce this section.\r\n(c) If a court of competent jurisdiction 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 that the person: (i) forfeit the amount of any charges that were collected by the person from users of the virtual currency kiosk during the period in which the person operated or knowingly leased premises to permit the operation of the virtual currency kiosk of kiosks in violation of this chapter; (ii) forfeit any virtual currency kiosk that is owned by the person and located in the commonwealth; and (iii) pay the reasonable costs of investigation and litigation of such violation, including reasonable attorneys fees.”.\r\n"}