An Act relating to virtual currency kiosks; relating to transactions involving virtual currency; and providing for an effective date.

Summary

The bill adds new rules for virtual‑currency kiosks, mandating that operators hold a money‑transmission license and obtain departmental approval before locating a kiosk. It also requires yearly reporting on fraud and senior‑citizen incidents, and forces kiosks to display detailed scam warnings and provide receipts in multiple languages. The goal is to protect consumers, especially seniors, from fraud in virtual‑currency transactions.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share