Financial Institutions and Activities - Virtual Currency Kiosks - Alterations

Summary

The bill revises Maryland law so that anyone who installs or runs software that enables a stand‑alone device to provide virtual‑currency services is considered a kiosk operator. It also narrows the definition of virtual‑currency services by removing cash‑handling linked to credit, deposit, or convenience accounts, and requires operators to ensure kiosks do not duplicate ATM services. These changes clarify regulation of virtual‑currency kiosks and keep them distinct from traditional banking machines.

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

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