← All regulatory updates

state_legiscan_drain · MI

Consumer protection: other; virtual currency kiosks; prohibit the operation of. Creates new act.

June 11, 2026

Summary

If enacted, this bill would prohibit the operation of virtual currency kiosks in Michigan, effectively banning businesses that allow consumers to buy or sell cryptocurrency for cash. This would affect operators of such kiosks, including fintechs and possibly banks offering crypto services, as well as consumers who use them.

Source: https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6077

Common questions

What does "Consumer protection: other; virtual currency kiosks; prohibit the operation of. Creates new act." cover?
If enacted, this bill would prohibit the operation of virtual currency kiosks in Michigan, effectively banning businesses that allow consumers to buy or…
When was it published?
It was published on June 11, 2026.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.