Alaska payments and fintech laws

What Alaska has enacted on payments and fintech, what each law requires, and what the bills still moving would do. Alaska is one of 42 states that enacted a payments and fintech law in the 2025 and 2026 sessions.

Bills in scope: 6bills in scope
Past committee: 3past committee
Most recent action: 30 September 2026most recent action

Payments and fintech laws enacted in Alaska

2 payments and fintech laws enacted in the Alaska Legislature in the 2025 and 2026 sessions, newest first. Each links to the legislature's own page.

SB 86An Act relating to the business of money transmission; relating to licenses for money transmission, licensure requirements, and registration through a nationwide multistate licensing system; relating to the use of virtual currency for money transmission; relating to authorized delegates of a licensee; relating to acquisition of control of a license; relating to record retention and reporting requirements; authorizing the Department of Commerce, Community, and Economic Development to cooperate with other states in the regulation of money transmission; relating to permissible investments; relating to violations and enforcement of money transmission laws; relating to exemptions to money transmission licensure requirements; relating to payroll processing services; relating to currency exchange licenses; relating to abandoned virtual currency; amending Rules 79 and 82, Alaska Rules of Civil Procedure; and providing for an effective date.Took effect 1 January 2026
What it requires: Persons may not engage in money transmission or virtual currency business activity without a license or exemption. Licensees must maintain surety bonds, submit quarterly financial reports within 45 days, comply with record retention requirements for five years, and obtain department approval before acquiring control. Authorized delegates must operate under written contracts and remit funds to licensees.
Money transmission and licensing
SB 249An Act relating to virtual currency kiosks; relating to transactions involving virtual currency; relating to unfair trade or deceptive acts or practices; and providing for an effective date.Enacted 16 July 2026
What it requires: Virtual currency kiosk operators must hold a money transmission license and register with the department before locating a kiosk in Alaska. Operators must verify user identity, disclose terms and fraud warnings, maintain anti-fraud policies, use blockchain analytics, issue refunds for fraud within 72 hours, limit daily transactions to $1,000 and monthly to $10,000, cap fees at three percent, and provide live customer service.
Virtual currency and crypto kiosks

Payments and fintech in Alaska, by topic

Money transmission and licensing
2 bills, 1 enacted. Enacted in 24 states.
Virtual currency and crypto kiosks
2 bills, 1 enacted. Enacted in 34 states.
Interchange and card networks
2 bills. Enacted in 6 states.

Payments and fintech bills in Alaska

The bills not yet law, furthest along first, with what each would do.

2Enacted

1Cleared both chambers

3Introduced or inactive

6 bills in scope

Cleared both chambers

HCR 17Suspending Rules 24(c), 35, 41(b), and 42(e), Uniform Rules of the Alaska State Legislature, concerning Senate Bill No. 86, relating to the business of money transmission; relating to licenses for money transmission, licensure requirements, and registration through a nationwide multistate licensing system; relating to the use of virtual currency for money transmission; relating to authorized delegates of a licensee; relating to acquisition of control of a license; relating to record retention and reporting requirements; authorizing the Department of Commerce, Community, and Economic Development to cooperate with other states in the regulation of money transmission; relating to permissible investments; relating to violations and enforcement of money transmission laws; relating to exemptions to money transmission licensure requirements; relating to payroll processing services; relating to currency exchange licenses; and amending Rules 79 and 82, Alaska Rules of Civil Procedure.30 September 2026Sent to governor

What it would do: Suspends specified Alaska legislative rules regarding bill title changes to allow Senate Bill No. 86 concerning money transmission licensing, virtual currency, authorized delegates, record retention, Department of Commerce cooperation with other states, and amendments to Alaska Rules of Civil Procedure to proceed.

Introduced or inactive

HB 354An Act relating to virtual currency kiosks; relating to transactions involving virtual currency; and providing for an effective date.23 February 2026In committee

What it would do: Requires virtual currency kiosk operators to hold money transmission licenses, register with the state, implement fraud prevention measures, and comply with transaction limits of $1,000 daily for seniors and $2,000 for others, with refund requirements for fraud cases.

HB 171An Act relating to interchange fees on tax and gratuity; and relating to the Alaska Unfair Trade Practices and Consumer Protection Act.14 May 2025In committee

What it would do: Prohibits issuers, payment card networks, acquirer banks, and processors from charging interchange fees on tax and gratuity amounts if documentation is provided, and requires refunds within 30 days if documentation is submitted within 180 days. Imposes $1,000 civil penalty per violation and restricts use of payment transaction data.

HB 143An Act relating to the privacy of firearm transactions; relating to discrimination against firearm retailers by financial institutions and payment networks; relating to the disclosure of financial records by financial institutions and payment networks; and amending Rules 65 and 82, Alaska Rules of Civil Procedure.25 April 2025In committee

What it would do: Prohibits financial institutions and payment networks from discriminating against firearm retailers or customers by declining transactions, charging higher fees, or limiting business based on firearm codes. Establishes enforcement procedures through the attorney general and allows injunctions and fines for violations.

Bill titles link to the Alaska Legislature's own page.

What LawSignals covers

What counts as payments and fintech legislation

In scope: Money transmission and licensing; virtual currency and crypto kiosks; card surcharges and payment fees; interchange and card networks; earned wage access; bNPL and bank partnerships; prepaid, gift cards and P2P; and payment fraud and scams.

Questions

Does Alaska have a payments and fintech law?

Yes. Alaska enacted 2 payments and fintech laws in the 2025 and 2026 sessions, among them SB 86 and SB 249. Each is listed on this page with what it requires.

When do Alaska's payments and fintech laws take effect?

SB 86 on 1 January 2026. The others have no single date in their text.

Which payments and fintech bills are moving in Alaska?

1 bill not yet law has passed a committee or a chamber, the furthest along HCR 17 (sent to governor).

What does Alaska legislate on most in payments and fintech?

Money transmission and licensing (2 bills), Virtual currency and crypto kiosks (2 bills) and Interchange and card networks (2 bills).

Are these summaries reviewed by a lawyer?

No. Which bills count as Payments and fintech bills, and the line on what each law requires or each bill would do, are drafted by software from the bill's own text and not reviewed by an attorney. Every bill links to the legislature's own record: read the text before relying on it. The list covers bills from the 2025 and 2026 sessions.

Other practice areas in Alaska

Payments and fintech legislation in other jurisdictions

51 more currently hold bills in this tracker

Know when Alaska's payments and fintech law changes

An alert when a bill moves, and one report a month on what changed in every state and Congress.

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