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S.D. Codified Laws § 51A-18-4

Report of condition requirements

Source: SL 2026, ch 193, § 4.

Effective July 1, 2026

51A-18-4. Report of condition requirements.

In addition to the requirements of § 51A-17-84, the report of condition submitted by a licensee must contain:

(1) The licensee's legal name and any fictitious or trade name;

(2) The licensee's physical address and the location of each virtual currency kiosk being operated in this state, at the time of the report, by the licensee;

(3) The date operation began for each kiosk being operated in this state, at the time of the report, by the licensee;

(4) The date operation ceased for any kiosk operated in this state, during the reported quarter, by the licensee;

(5) For each kiosk operated by the licensee in this state, any alphanumeric identifier used by the licensee, which:

(a) Is associated with a software application or other mechanism that provides the means to access or transfer virtual currency; and

(b) Identifies the location to which virtual currency is sent; and

(6) The number of virtual currency transactions declined due to a suspicion of fraudulent activity.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.