Relating to: virtual currency kiosks.

SB 386 regulates virtual currency kiosks in the state, requiring operators to obtain a license and directly affecting both kiosk businesses and customers using these services. Key provisions include mandatory fraud warnings displayed physically and electronically before every transaction, strict identity verification (requiring government ID copies, photos, and personal details for each customer), and daily transaction limits of $1,000 in traditional money. The bill also caps fees at $5 or 3% of the transaction amount and mandates refunds for customers fraudulently induced into transactions within 30 days. These rules aim to enhance consumer protection while establishing clear operational standards for kiosk operators.