l9n/ Mississippi

2026 Regular Session

Senate Bill 2709

Virtual currency kiosks and civil forfeiture of property used in the course of crimes; create provisions concerning.

Did not become law. It stopped in the Senate's Business and Financial Institutions Committee on February 3, 2026.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO ENACT THE "MONEY TRANSMISSION MODERNIZATION ACT FOR VIRTUAL CURRENCY KIOSKS"; TO DEFINE TERMS; TO PROVIDE LICENSING REQUIREMENTS FOR VIRTUAL CURRENCY KIOSK OPERATORS; TO PROHIBIT VIRTUAL OPERATORS FROM USING ANY SIGN USING THE WORDS "AUTOMATIC TELLER MACHINE" OR "ATM"; TO PROVIDE DISCLOSURE REQUIREMENTS; TO REQUIRE OPERATORS TO DISCLOSE ALL MATERIAL RISKS ASSOCIATED WITH VIRTUAL CURRENCY; TO REQUIRE SPECIFIC DISCLOSURES; TO PROVIDE FOR NEW ACCOUNTS AND INITIAL TRANSACTIONS; TO REQUIRE OPERATORS TO DISCLOSE TO CUSTOMERS THE TERMS AND CONDITIONS OF A TRANSACTION; TO REQUIRE CERTAIN TERMS AND CONDITIONS; TO REQUIRE OPERATORS TO ENSURE THAT EACH CUSTOMER ACKNOWLEDGES RECEIPT OF ALL REQUIRED DISCLOSURES; TO PROVIDE FOR RECEIPT REQUIREMENTS; TO LIMIT THE TOTAL AMOUNT OF A FEES AND COMMISSION CHARGE TO NOT MORE THAN 15% OF THE AMOUNT OF THE VIRTUAL CURRENCY TRANSACTION; TO PROVIDE DAILY TRANSACTION LIMITS PER CUSTOMER; TO PROVIDE FOR REFUNDS FOR NEW CUSTOMERS UPON FRAUDULENT ACTIVITY; TO REQUIRE CUSTOMER IDENTIFICATION AND PROVIDE FOR WALLET RESTRICTIONS; TO REQUIRE OPERATORS TO USE BLOCKCHAIN ANALYTICS SOFTWARE; TO REQUIRE OPERATORS TO TAKE REASONABLE STEPS TO DETECT AND PREVENT FRAUD; TO REQUIRE OPERATORS TO OFFER CUSTOMER SERVICE; TO PROVIDE ADDITIONAL PROTECTIONS FOR ELDER ADULTS; TO REQUIRE OPERATORS TO DESIGNATE AND EMPLOY A CHIEF COMPLIANCE OFFICER; TO PROVIDE ADDITIONAL POWERS TO THE COMMISSIONER UNDER THE MONEY TRANSMISSION MODERNIZATION ACT; TO PROVIDE THAT ALL PROPERTY USED IN THE COUSE OF CERTAIN CRIMES IS SUBJECT TO CIVIL FORFEITURE; TO AUTHORIZE THE ATTORNEY GENERAL OR ANY LAW ENFORCEMENT AGENCY TO SEIZE PROPERTY ACCORDING TO CERTAIN CONDITIONS; TO PROVIDE FOR ISSUANCE OF WARRANTS; TO PROVIDE FOR RELEASE OF SEIZED PROPERTY SUBJECT TO CERTAIN REQUIREMENTS; TO PROVIDE FOR RETURN OF STOLEN PROPERTY UPON MEETING CERTAIN REQUIREMENTS; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

Its course

January 19 to February 3, 2026, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action2 actions on 2 days

In the SenateJan 19 to Feb 3 · stopped15 days

Business and Financial InstitutionsJan 19 to Feb 3 · stopped15 days

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the Senate Jan 19 – Feb 3

  1. Jan 19Referred to the Senate committee on Business and Financial Institutions
  2. Feb 3Died in committee in the Senate
All 2 actions, as published
  1. Jan 19Referred To Business and Financial InstitutionsSenate
  2. Feb 3Died In CommitteeSenate