Mississippi Enacts Data Security and Consumer Protection Requirements for Money Transmitters, Effective July 1, 2026

On April 8, 2026, Mississippi Governor Tate Reeves signed House Bill 1596 (“HB 1596” or the “Act”) into law, creating the “Data Security for Money Transmitters Act” (“DSMTA”), a new freestanding law imposing data security obligations on money transmitters and virtual currency kiosk operators licensed under the state’s Money Transmission Modernization Act (“MTMA”), and amending several existing MTMA provisions to address virtual currency kiosks, elder fraud protections, and consumer-facing... By: Shipkevich PLLC