Rule detail : 253761

AZ LEG Cryptocurrency Kiosk, Fraud

Updated on: May 16, 2025

May 2025 AZ LEG Governor Approval
On May 12, 2025, AZ LEG reported that bill was approved, and became Chapter 171.
Bill HB 2387 becomes effective Sep. 26, 2025.

AZ LEG reported HB 2387 passed, re cryptocurrency kiosk, license, fraud prevention.
The bill would add Section 6-1236 to AZ FIN 6-12-1 regarding money transmission.
Bill Provisions
Prescribes requirements and limitations for a cryptocurrency kiosk operator in State.
Provides for definitions, disclosure requirements, transaction receipts, fraud prevention
Limitations on customer transactions, customer service, fraud refunds, enforcement.
Legislative History
On Jan. 23, 2025, bill was introduced in House; on Mar. 4, 2025, bill passed in House.
On Mar. 18, 2025, bill was introduced in Senate; on Apr. 29, 2025, bill passed Senate.
On May 6, 2025, House concurred Senate amendments; bill transmitted to governor.
Effectiveness
If approved, effect 90 days after Legislature adjourns sine die, expected May 23, 2025.
May 2025 AZ LEG Governor Approval
On May 12, 2025, AZ LEG reported that bill was approved, and became Chapter 171.
Bill HB 2387 becomes effective Sep. 26, 2025.

Regulators

AZ LEG

Entity Types

Bank; MSB; Thrift

Reference

PR, Ch. 171, Bill HB2387, 5/12/2025; Bill HB2387, 5/6/2025; Citation: AZ FIN 6;

Functions

AML; Client Money; Compliance; Financial; Fraud; Legal; Operations; Product Administration; Registration/Licensing; Reporting; Technology

Countries

United States of America