SB 1510 - This act gives the Attorney General (AG) authority to take enforcement actions with respect to violations of the Virtual Currency Kiosk Consumer Protection Act. Specifically, if the AG has reasonable belief that a virtual currency kiosk operator is in violation of that act, the AG has the sole authority to bring civil action to provide for any or all of the following: • Enjoin further violations by the operator;
• Enforce compliance;
• Seek civil penalties in an amount not more than $10,000 for each violation; or
• Other remedies permitted under law.
If the AG has reasonable belief that a person is in violation of an injunction issued under this act, the AG has the sole authority to bring civil action to provide for civil penalties in an amount not more than $1,000. An individual that has knowledge of a violation of the Virtual Currency Kiosk Consumer Protection Act may report the violation to the AG. The AG shall establish an electronic reporting system for the submission of reports pursuant to this act.
SCOTT SVAGERA