§ 53-453.  (Effective January 1, 2027) Compliance officer.

(a) Each virtual currency kiosk operator shall designate and employ a compliance officer with the following requirements:

(1) The individual must be qualified to coordinate and monitor compliance with this Article and all other applicable federal and State laws, rules, and regulations.

(2) The individual must be employed full time by the virtual currency kiosk operator.

(3) The designated compliance officer cannot be any individual who owns more than twenty percent (20%) of the virtual currency kiosk operator by whom the individual is employed.

(b) Compliance responsibilities required under federal and State laws, rules, and regulations shall be completed by full-time employees of the virtual currency kiosk operator.  (2026-45, s. 1.)