VIRTUAL CURRENCY KIOSK FRAUD PREVENTION ACT – Adds to existing law to establish the Virtual Currency Kiosk Fraud Prevention Act.

This Idaho bill creates the Virtual Currency Kiosk Fraud Prevention Act to regulate businesses that operate physical machines for buying or selling cryptocurrency. It requires kiosk operators to obtain a money transmitter license, submit quarterly and annual reports to the state Department of Finance, and provide transaction receipts to customers. The law also mandates specific disclosures for new customers, establishes procedures for handling refunds, and creates requirements for sharing information with law enforcement to investigate fraud and money laundering. Additionally, the bill defines terms related to virtual currency transactions and includes protections for potentially vulnerable older adults who may be at risk of financial exploitation.