Financial Institutions and Activities - Virtual Currency Kiosks - Registration and Regulation
Sponsor: Pamela Beidle (District 32)Committee: FinanceSubject: Financial InstitutionsStatus: Approved by the Governor - Chapter 117 (as of Dec 1, 2025)
What this bill does
Official synopsis
Establishing registration and operating requirements for a virtual currency kiosk operator to operate a virtual currency kiosk in the State; authorizing the Commissioner of Financial Regulation to investigate and enforce the Act in a certain manner; and authorizing the Commissioner to assess against a virtual currency kiosk operator a civil penalty not to exceed $1,000 for each knowing and willful violation of the Act.
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Testimony (0)
MGA witness listFAV 15FavorableFWA 6Favorable with amendmentsUNF 1UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bresnahan, Tammy | AARP Maryland | Oral + Written (PDF) |
| FAV | McClelland, Ethan | Bitcoin Depot | Oral |
| FAV | Sakamoto-Wengel, Steven M. | Consumer Protection Division | Written (PDF) |
| FAV | Rezvani, Tracy | Howard County Office of Consumer Protection | Written (PDF) |
| FAV | Hennen, Amy | Office of Financial Regulation, Maryland Department of Labor | Written (PDF) |
| FAV | Hennen, Amy | Office of Financial Regulation, Maryland Department of Labor | Written (PDF) |
| FAV | Salazar, Antonio | Office of the Commissioner of Financial Regulation | Oral |
| FAV | Salazar, Antonio | Office of the Commissioner of Financial Regulation | Oral |
| FAV | Sapia, Ralph | Self | Oral |
| FAV | Beidle, Pamela | Individual | Written (PDF) |
| FAV | Beidle, Pamela | Individual | Written (PDF) |
| FAV | Boston, Frank | Individual | Oral |
| FAV | Mauer, William | Individual | Position only |
| FAV | Senator Beidle, Senator Beidlelegislator | Individual | Oral |
| FAV | Senator Beidle, Senator Beidlelegislator | Individual | Oral |
| UNF | Meyerovich, Mark | Individual | Position only |
| FWA | Bresnahan, Tammy | AARP Maryland | Oral + Written (PDF) |
| FWA | McClelland, Ethan | Bitcoin Depot | Oral + Written (PDF) |
| FWA | Lipka, Larry | CoinFlip | Oral + Written (PDF) |
| FWA | Weiss, Benjamin | CoinFlip | Oral |
| FWA | Cooper, Jacqueline | Maryland Blockchain Association | Oral |
| FWA | Boston, Frank | Individual | Oral |
| INFO | Harris, Mrs. | Individual | Position only |