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S. 710IntroducedSenate · nowHousePresidentLawIn committee
Sec. 2 · S. 710

Registration with the Secretary of the Treasury

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Section 5330 of title 31, United States Code, is amended— (1) in subsection (d)— (A) in paragraph (1)(A), by inserting, any person who owns, operates, or manages a virtual currency kiosk in the United States or its territories, after similar instruments; and (B) by adding at the end the following: (3) Virtual currency; virtual currency address; virtual currency kiosk; virtual currency kiosk operator The terms virtual currency, virtual currency address, virtual currency kiosk, and virtual currency kiosk operator have the meanings given those terms, respectively, in section 5337.; and (2) by adding at the end the following: (f) Registration of virtual currency kiosk locations (1) In general Not later than 90 days after the effective date of this subsection, and not less than once every 90 days thereafter, the Secretary of the Treasury shall require virtual currency kiosk operators to submit an updated list containing the physical address of each virtual currency kiosk owned or operated by the virtual currency kiosk operator. (2) Form and manner of registration Each submission by a virtual currency kiosk operator pursuant to paragraph (1) shall include— (A) the legal name of the virtual currency kiosk operator; (B) any fictitious or trade name of the virtual currency kiosk operator; (C) the physical address of each virtual currency kiosk owned, operated, or managed by the virtual currency kiosk operator that is located in the United States or the territories of the United States; (D) the start date of operation of each virtual currency kiosk; (E) the end date of operation of each virtual currency kiosk, if applicable; and (F) each virtual currency address used by the virtual currency kiosk operator. (3) False and incomplete information The filing of false or materially incomplete information in a submission required under paragraph (1) shall be deemed a failure to comply with the requirements of this subsection..

Sec. 2: Registration with the Secretary of the Treasury · Public Law Tracker