HLS 25RS-527 ORIGINAL
2025 Regular Session
HOUSE BILL NO. 483
BY REPRESENTATIVE WRIGHT
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
BANKS/BANKING: Provide relative to virtual currency kiosks
1 AN ACT
2To enact R.S. 6:1382(30) through (33), 1383(D), 1389, and 1393.1(J), relative to virtual
3 currency kiosks; to provide for definitions; to provide for applicability; to provide
4 for maximum daily transactions; to provide for cancellations and refunds; to provide
5 for required disclosures; and to provide for related matters.
6Be it enacted by the Legislature of Louisiana:
7 Section 1. R.S. 6:1382(30) through (33), 1383(D), 1389, and 1393.1(J) are hereby
8enacted to read as follows:
9 §1382. Definitions
10 * * *
11 (30) "Fiat currency" means a government-issued currency that is backed by
12 the government's authority and not by a physical commodity.
13 (31) "Virtual currency kiosk" means an electronic terminal acting as a
14 mechanical agent of the owner or operator to enable the owner or operator to
15 facilitate the exchange of virtual currency for fiat currency or other virtual currency,
16 including but not limited to either of the following:
17 (a) Connecting directly to a separate virtual currency exchanger that
18 performs the actual virtual currency transmission.
19 (b) Drawing upon the virtual currency in the possession of the owner or
20 operator of the electronic terminal.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 25RS-527 ORIGINAL
HB NO. 483
1 (32) "Virtual currency kiosk operator" means a licensee that operates a
2 virtual currency kiosk within this state.
3 (33) "Virtual currency kiosk transaction" means a transaction conducted or
4 performed, in whole or in part, by electronic means via a virtual currency kiosk.
5 Virtual currency kiosk transaction also means a transaction made at a virtual
6 currency kiosk to purchase currency with fiat currency or to sell virtual currency for
7 fiat currency.
8 §1383. Applicability
9 * * *
10 D. Notwithstanding any provision of this Section or any other law to the
11 contrary, any person who owns, operates, solicits, markets, advertises, or facilitates
12 a virtual currency kiosk in this state shall be deemed to be engaged in virtual
13 currency business activity in this state and shall be subject to the provisions of this
14 Chapter, including but not limited to licensure pursuant to R.S. 6:1385.
15 * * *
16 §1389. Virtual currency kiosks; maximum daily transaction limit; cancellation and
17 refund
18 A. There is a maximum daily transaction limit of three thousand dollars for
19 each user of a virtual currency kiosk.
20 B. The owner or operator of a virtual currency kiosk shall wait seventy-two
21 hours before processing a user's virtual currency transaction or shall, at such owner's
22 or operator's cost and within seventy-two hours after a virtual currency transaction,
23 allow the user to cancel and receive a full refund for the virtual currency transaction.
24 * * *
25 §1393.1. Required disclosures
26 * * *
27 J. The owner or operator of a virtual currency kiosk shall post on each kiosk
28 in clear, conspicuous, and legible writing in the English language notice with at least
29 twenty point font that reads: "WARNING: No state or government official will ever
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 25RS-527 ORIGINAL
HB NO. 483
1 request that cash be deposited into a Crypto ATM. Call your local sheriff or police
2 department before putting cash into this machine if you believe you might be the
3 victim of fraud or a scam."
4 Section 2. The Louisiana State Law Institute is hereby authorized and directed to
5alphabetize and renumber the definitions contained in R.S. 6:1382 and to correct any cross-
6references to the renumbered paragraphs if necessary, consistent with the provisions of this
7Act.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 483 Original 2025 Regular Session Wright
Abstract: Provides relative to virtual currency kiosks.
Present law provides for definitions.
Proposed law retains present law and defines "fiat currency", "virtual currency kiosk",
"virtual currency kiosk operator", and "virtual currency kiosk transaction".
Proposed law provides for who is considered to be engaged in virtual currency business
activity in this state and who shall be subject to the provisions of proposed law.
Proposed law provides for a maximum daily transaction limit of $3000 for each user of a
virtual currency kiosk.
Proposed law provides that an owner or operator of a virtual currency kiosk shall either wait
72 hours before processing a user's virtual currency transaction or allow the user to cancel
and receive a full refund for the virtual currency transaction.
Proposed law provides for the signage that must be displayed on a virtual currency kiosk.
Directs the La. State Law Institute to alphabetize and renumber the definitions contained in
present law and proposed law and to correct any cross-references that my need to be changed
as a result of this renumbering.
(Adds R.S. 6:1382(30)-(33), 1383(D), 1389, and 1393.1(J))
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.