Virtual Currency Kiosks

Added a new definition for 'money services business' to broaden the regulatory scope beyond just money transmitters.

Removed the previous definition of 'money transmitter' which included virtual currency kiosks, replacing it with a new, broader definition.

Added extensive new requirements for virtual currency kiosk businesses, including mandatory registration, annual renewals, reporting of changes, and specific operational rules like transaction limits and disclosure requirements.

Created new sections establishing specific rules for virtual currency kiosks, including prohibitions on operating without registration and requirements for customer receipts and refunds.

Removed the previous fee exemption for virtual currency kiosk owners and operators.

Added new provisions regarding disciplinary actions, registration voiding, and grounds for denying applications.

Owners and operators of virtual currency kiosks are now explicitly exempt from paying license application and renewal fees if they are licensed as money transmitters and operate solely as kiosks.

The definition of 'money transmitter' was updated to explicitly include owners and operators of virtual currency kiosks, regardless of whether they act as intermediaries or in a peer-to-peer capacity.

The original version of the bill included specific daily transaction limits ($2,000 for new customers and $10,500 for existing customers); these specific dollar thresholds were removed in this version.