Cryptocurrency Amendments

SB 173 regulates virtual currency kiosks (physical terminals for buying/selling cryptocurrency with cash) in Utah. It requires operators to obtain money transmitter licenses, limits daily transactions to $1,000 per customer (or $2,000 for new customers), caps transaction fees at 3%, and mandates clear fraud warnings about irreversible transactions. Operators must provide detailed disclosures, including exchange rates and transaction hashes, and display customer service contact information. The law takes effect May 6, 2026, and enforcement falls to the attorney general under Utah’s consumer protection laws.