Consumer protection: other; virtual currency kiosk protections; provide for. Creates new act.

HB 5469, the "Virtual Currency Kiosk Consumer Protection Act," requires businesses operating physical digital currency exchange kiosks in Michigan to clearly disclose key risks to customers before any transaction. It mandates that operators explain that virtual currency is not legal tender, lacks government backing, is subject to regulatory changes, transactions are irreversible, and ledger recording times may differ from initiation. The bill directly affects kiosk operators and their customers, focusing on transparency about digital currency risks rather than regulating the currency itself. It does not cover gaming platform currencies or loyalty rewards programs.