Digital asset kiosks; creating Virtual Currency Kiosk Consumer Access and Protection Act; requiring operators to hold a license; requiring certain information on kiosks; establishing transaction limits. Effective date.

Summary

The Virtual Currency Kiosk Consumer Access and Protection Act obligates any business that runs a crypto‑or other digital‑asset kiosk to hold a state money‑transmission or virtual‑business license and to file an annual report of kiosk locations. It also forces kiosks to display fees, exchange rates, fraud warnings and a contact number, and to give a receipt, while capping new‑customer transactions at $3,000 per day. The measure aims to protect consumers and give regulators clearer oversight of these machines.

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

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