New York S 9891: Relates to crypto kiosks

Bill Text

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 Speaker Carl E. Heastie

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S09891 Summary:

BILL NOS09891B

&nbsp

SAME ASSAME AS A10899-C

&nbsp

SPONSORSANDERS

&nbsp

COSPNSRCLEARE, COMRIE

&nbsp

MLTSPNSR

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Add Art 2-AAA §§76-a - 76-n, Bank L

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Provides for the registration and regulation of crypto kiosks and exchanges and licensing of cashier crypto exchange operators.

Go to top S09891 Actions:

BILL NOS09891B

&nbsp

04/13/2026REFERRED TO BANKS

04/28/2026REPORTED AND COMMITTED TO CONSUMER PROTECTION

05/18/2026AMEND AND RECOMMIT TO CONSUMER PROTECTION

05/18/2026PRINT NUMBER 9891A

05/29/2026AMEND AND RECOMMIT TO CONSUMER PROTECTION

05/29/2026PRINT NUMBER 9891B

06/03/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/03/2026ORDERED TO THIRD READING CAL.1665

06/03/2026PASSED SENATE

06/03/2026DELIVERED TO ASSEMBLY

06/04/2026referred to codes

Go to topS09891 Committee&nbspVotes:

Go to topS09891 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS09891 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9891--B

 IN SENATE

 April 13, 2026
 ___________

 Introduced by Sens. SANDERS, CLEARE -- read twice and ordered printed,
 and when printed to be committed to the Committee on Banks -- reported
 favorably from said committee and committed to the Committee on
 Consumer Protection -- committee discharged, bill amended, ordered
 reprinted as amended and recommitted to said committee -- committee
 discharged, bill amended, ordered reprinted as amended and recommitted
 to said committee

 AN ACT to amend the banking law, in relation to crypto kiosks

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The banking law is amended by adding a new article 2-AAA to
 2 read as follows:
 3 ARTICLE 2-AAA
 4 CRYPTO KIOSKS
 5 Section 76-a. Definitions.
 6 76-b. Crypto kiosk and cashier crypto exchange operator licens-
 7 ing.
 8 76-c. Disclosures for crypto kiosks and cashier crypto
 9 exchanges.
 10 76-d. Disclosures required prior to completing a transaction.
 11 76-e. Transaction receipt.
 12 76-f. Customer service.
 13 76-g. Crypto kiosk transaction hold periods.
 14 76-h. Fraud refunds related to crypto kiosks and cashier crypto
 15 exchanges.
 16 76-i. Cashier crypto transmission restrictions.
 17 76-j. Crypto kiosk or cashier crypto fees.
 18 76-k. Fraud and anti-money laundering.
 19 76-l. Blockchain analytics.
 20 76-m. Transaction limits and protections.
 21 76-n. Legal and beneficial ownership; penalties.
 22 § 76-a. Definitions. As used in this article, the following terms
 23 shall have the following meanings:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15416-07-6

 S. 9891--B 2

 1 1. "Virtual currency business activity" shall mean the conduct of any
 2 one of the following types of activities involving New York or a New
 3 York resident:
 4 (a) receiving virtual currency for transmission or transmitting virtu-
 5 al currency, except where the transaction is undertaken for non-finan-
 6 cial purposes and does not involve the transfer of more than a nominal
 7 amount of virtual currency;
 8 (b) storing, holding, or maintaining custody or control of virtual
 9 currency on behalf of others;
 10 (c) buying and selling virtual currency as a customer business;
 11 (d) performing exchange services as a customer business; or
 12 (e) controlling, administering, or issuing a virtual currency.
 13 The development and dissemination of software in and of itself shall
 14 not constitute virtual currency business activity.
 15 2. "Consumer" shall mean a natural person who uses a crypto kiosk or
 16 cashier crypto exchange regardless of whether they create an account
 17 with the operator.
 18 3. "Crypto kiosk" shall mean any electronic terminal which enables a
 19 consumer to exchange money for virtual currency or virtual currency for
 20 money, including by connecting to a separate virtual currency exchange.
 21 4. "Operator" means a person that operates a crypto kiosk or cashier
 22 crypto exchange located in this state, or a person that owns, operates,
 23 or manages a crypto kiosk or cashier crypto exchange located in this
 24 state through which virtual currency business activity is offered. This
 25