CHAPTER 10-600. - VIRTUAL CURRENCY KIOSKS.

10-601. - Definitions.#

For purposes of this chapter:

"Virtual currency" means a digital representation of value that is used as a medium of exchange, unit of account, or store of value and is not money, whether or not denominated in money.

"Virtual Currency Kiosk" means any physical electronic terminal intended to act as a mechanical agent of the virtual currency kiosk operator to enable the virtual currency kiosk operator to facilitate the exchange of virtual currency for money, bank credit, or other virtual currency.

"Virtual Currency Kiosk Operator" means any person or entity that owns, leases, controls, manages, maintains, or operates a virtual currency kiosk, or that arranges for a kiosk to be placed on property within the City.

"Person" means an individual, corporation, partnership, limited liability company, association, trust, or other legal entity.

(Ord. No. 26-14, § 1(Exh. A), 8-4-26)

10-602. - Prohibition.#

It is unlawful for any person to: (1)

Operate, install, locate, maintain, or allow to be operated, installed, located, or maintained any Virtual Currency Kiosk within the corporate limits of the City;

(2)

Enter into any agreement, lease, license, or other arrangement for the purpose of placing or operating a Virtual Currency Kiosk within the City; or

(3)

Knowingly permit property under the person's control to be used for the operation of a Virtual Currency Kiosk within the City.

(Ord. No. 26-14, § 1(Exh. A), 8-4-26)

10-603. - Existing Kiosks.#

Any Virtual Currency Kiosk located within the City on the effective date of this chapter shall be removed or permanently disabled within sixty (60) days after the effective date. Each day after that period that a Virtual Currency Kiosk remains in violation constitutes a separate offense.

(Ord. No. 26-14, § 1(Exh. A), 8-4-26)

10-604. - Scope.#

This chapter does not prohibit a person from owning, holding, purchasing, selling, exchanging, transferring, or accepting virtual currency by means other than a Virtual Currency Kiosk, nor does it purport to prohibit Virtual Currency Kiosks outside the corporate limits of the City. The chapter is limited to conduct and property located within Tremonton.

(Ord. No. 26-14, § 1(Exh. A), 8-4-26)

10-605. - Enforcement.#

The City may enforce this chapter through any lawful means, including notice of violation, misdemeanor citation, civil abatement, injunction, or other legal or equitable relief.

(Ord. No. 26-14, § 1(Exh. A), 8-4-26)

10-606. - Penalty.#

Any person who violates this chapter is guilty of a class B misdemeanor. Each day a violation continues is a separate offense.

(Ord. No. 26-14, § 1(Exh. A), 8-4-26)

10-607. - Severability.#

If any provision of this chapter or its application to any person or circumstance is held invalid, the remainder of the chapter and the application of the provision to other persons or circumstances shall not be affected.

(Ord. No. 26-14, § 1(Exh. A), 8-4-26)