Virtual currency kiosk ordinance
At a glance
Based on auto-generated captions; names and details may be misheard.
- What: ordinance (C1) adding a chapter on virtual currency kiosks to Title 7 of the city code: licensing and oversight, fraud warnings, identity verification, transaction limits and annual crime reporting.
- Where it stands: approved by voice vote on 2026-10-19; Radina asked to be added as a co-sponsor.
- Next: annual crime reporting required by the ordinance will inform whether a cap on machines or a ban is warranted.
Key points
- Sponsor Eyer: police documented 83 incidents involving cryptocurrency from January 2024 to October 6, 2026, including at least 77 crimes (64 fraud, 8 extortion); many involved gas-station kiosks; in one case a scammer impersonated the police chief.
- Limits: $500 a day for first-time users and $1,000 a day for others.
- Harris (AARP Michigan) supported the warnings, receipts and the daily limit.
- Radina asked whether an outright ban (as in a pending state Senate bill and in several states) was explored; sponsors said it was, but they chose to regulate existing businesses and gather data; some reasons are privileged.
Sources
- Council agenda: https://a2gov.legistar1.com/a2gov/meetings/2026/10/14161_A_City_Council_26-10-19_Meeting_Agenda.pdf
- Video page: 2026-10-19 - City Council
Discussion time
About 8 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-19 - City Council | 8 |
Log
- 2026-10-19 - City Council - Sponsor presentation and council discussion (about 8 minutes including AARP testimony); approved by voice vote.
- 2026-11-05 - City Council Meeting - Ordinance ORD-26-30 (new Chapter 83, virtual currency kiosks) appears on the November 5 agenda for a public hearing. No vote yet.
- 2026-11-05 - City Council Meeting - ORD-26-30 (new Chapter 83) adopted on second reading.
2026-11-05 - City Council Meeting
- Public hearing and second reading; approved, with a $1,000 daily transaction limit.