To bring virtual currency kiosks within the purview of money transmission licensure and create disclosure requirements and daily transaction limitations for new and existing customers.

Summary

The bill makes operators of virtual‑currency kiosks in West Virginia obtain a money‑transmission license and follow new consumer‑protection rules. It forces them to give clear risk disclosures, provide receipts, limit daily transactions ($1,000 for new users, $10,000 for existing users) and allow refunds for reported fraud. Existing kiosk owners must apply for a license within 90 days of the law’s effective date.

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

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