Skip to main content
Find a Lawyer

Rhode Island General Laws Title 19. Financial Institutions § 19-14.3-3.9. Virtual currency kiosk operator licensing and kiosk registration

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A virtual currency kiosk operator shall not engage in virtual currency business activity or hold itself out as being able to engage in virtual currency business activity with or on behalf of another person unless the virtual currency kiosk operator is licensed in the state as a money transmitter.

(b) A virtual currency kiosk operator shall not locate, or allow a third party to locate, a virtual currency kiosk in this state unless the virtual currency kiosk operator registers the virtual currency kiosk and obtains the prior approval of the department of business regulation (DBR) for its activation.

(c) A virtual currency kiosk operator shall submit to the DBR a quarterly report of the location of each virtual currency kiosk located within the State of Rhode Island within forty-five (45) days of the end of each calendar quarter.  The report shall include, at a minimum, the following:

(1) The virtual currency kiosk operator's legal name;

(2) Any fictitious or trade name of the virtual currency kiosk operator;

(3) Physical address of each virtual currency kiosk;

(4) Start date of operation of each virtual currency kiosk at the location;

(5) End date of operation of each virtual currency kiosk at the location, if applicable;  and

(6) Virtual currency address(es) associated with each virtual currency kiosk.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Rhode Island General Laws Title 19. Financial Institutions § 19-14.3-3.9. Virtual currency kiosk operator licensing and kiosk registration - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-19-financial-institutions/ri-gen-laws-sect-19-14-3-3-9/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard