cryptocurrency kiosk; license; fraud prevention

Increased daily transaction limit for existing customers from $5,000 to $10,500

Extended new customer status period from 72 hours to 10 days before converting to existing customer status

Added refund eligibility for customers fraudulently induced into transactions, requiring contact with law enforcement or attorney general within 30 days

Reorganized customer definitions and clarified existing customer status requirements

Replaced attorney general enforcement provision with new fraud refund requirements and maintained violation penalties

Adjusted formatting and restructured statute sections for better organization

Added requirement for cryptocurrency kiosk operators to obtain a license from the Department of Financial Institutions beginning January 1, 2026.

Added requirement for operators to maintain encrypted records of all virtual currency transactions for at least five years.

Added requirement for operators to provide detailed receipts including transaction hash, exchange rates, and refund policies.

Added requirement for operators to use blockchain analytics and tracing software to prevent fraud.

Added daily transaction limit of $2,000 for new customers and $5,000 for existing customers.

Added requirement for 24/7 live customer service with prominently displayed toll-free numbers.

Expanded fraud warnings to include specific examples of common scams and added warning about irreversible transactions.

Added new definitions for 'cryptocurrency kiosk', 'blockchain analytics', 'transaction hash', and customer status classifications.

Added enforcement authority to the Attorney General with violations classified under section 44-1522.

Added requirement for operators to notify the Department within ten business days of changes to company information or kiosk locations.