Virtual Currency Kiosks

Summary

If enacted, this bill would require virtual currency kiosk businesses to register with the Office of Financial Regulation (with renewal obligations) and meet customer-protection standards, including mandatory attestations, on-kiosk disclosures, physical or electronic receipts for each transaction, and full refunds under specified circumstances. Registered money transmitters would be exempt from kiosk registration but remain subject to certain provisions. The bill also expands the actions by money services businesses, authorized vendors, or affiliated parties that constitute grounds for disciplinary action.