Arkansas payments and fintech laws

What it would do: Authorizes introduction of a bill that repeals an exemption for digital asset miners under the Uniform Money Services Act and requires them to be licensed as money transmitters, with existing miners required to apply for licensure by September 1, 2026.

What it would do: Repeals the exemption for home digital asset miners from money transmitter licensing under the Uniform Money Services Act, and requires persons engaged in such mining to apply for licensure by September 1, 2026.

What it would do: Amends Arkansas's Uniform Commercial Code to define central bank digital currency and modify definitions of money and deposit accounts to exclude central bank digital currency and investment property. Also modifies the Arkansas Banking Code of 1997 deposit definitions similarly.

What it would do: Amends Arkansas law on health-related cash discount cards to allow the Attorney General, any person, firm, private corporation, municipal or public corporation, or trade association to bring actions to enjoin violations and recover damages, with the Attorney General also authorized to seek injunctions and damages separately.

What it would do: Prohibits financial institutions and payment networks from discriminating against firearms retailers or tracking firearm purchases through merchant codes, and allows the Attorney General and customers to enforce violations through injunctions and civil penalties up to $15,000 per violation.