Saint Paul Legislative Code § 297.01 Definitions.
Sec. 297.01. - Definitions.
Unless otherwise noted in this section, the words, terms, and phrases, when used in this Chapter, have the meaning ascribed to them in Minn. Stat., § 53B.69.
City means the City of Saint Paul, Minnesota.
Person means any individual, business, corporation, license holder, or entity.
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 does not include transactions where a person grants, as part of an affinity or rewards program, value that cannot be taken from or exchanged with the person for money, fiat currency, bank credit, or virtual currency. It also does not include digital representation of value issued by or on behalf of a person used solely within an online game, game platform, or family of games sold by the same person or offered on the same game platform.
Virtual currency kiosk or Cryptocurrency Kiosk means an electronic terminal acting 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, fiat currency, bank credit, or other virtual currency, including but not limited to (1) connecting directly to a separate exchanger that performs the actual virtual currency transfer, or (2) drawing upon the virtual currency in the possession of the virtual currency kiosk operator.
Virtual currency kiosk host means the person that leases, allows, authorizes, houses, or in any way permits a virtual currency kiosk within the City. A virtual currency kiosk host may authorize or permit the virtual currency kiosk through written or verbal agreement, and may or may not receive any compensation therefor.
Virtual currency kiosk operator means a person that operates a virtual currency kiosk within the City.
Virtual currency kiosk transaction means an exchange or transfer of money, fiat currency, bank credit, or virtual currency, conducted or performed, in whole or in part, by electronic means via a virtual currency kiosk. Virtual currency kiosk transaction also means an exchange or transfer made at a virtual currency kiosk to purchase virtual currency with money, fiat currency, bank credit, or other virtual currency or to sell virtual currency for money, fiat currency, bank credit, or other virtual currency.
Virtual currency transfer means to assume control of virtual currency from, or on behalf of, a person and to credit the virtual currency to the account of another person, move the virtual currency from one (1) account to another account of the same person, or relinquish control of the virtual currency to another person.
(Ord. No. 25-76, § 2, 11-19-25)