Technology

This bill establishes consumer protections for digital kiosks that allow people to buy, sell, or transfer digital assets (like cryptocurrency) using cash. It requires kiosks to hold first-time transactions for 48 hours (with a cancellation option), limit daily spending to $5,000 for new users and $15,000 for existing users, and display clear warnings about scams (e.g., "no government agency will ever demand payment by crypto"). Operators must verify identities, block transactions to known scam addresses, disclose all fees and reference prices, and provide detailed receipts. These rules directly affect kiosk operators and consumers, particularly older adults targeted by scammers.