An act relating to the regulation of insurance products and services

H.137 regulates virtual currency business activities, particularly those involving virtual-currency kiosks, to protect consumers. It requires licensed virtual currency operators to provide clear disclosures to customers before engaging in any activity, outlining fee schedules, insurance coverage, and liability for unauthorized transfers, and stating that virtual currency is not money. For each transaction at a virtual-currency kiosk, operators must disclose specific details such as transaction amounts, fees, refund policies, and daily limits. These measures aim to ensure transparency for individuals using virtual currency services.