1. (a) A virtual currency kiosk operator shall ensure that the virtual currency kiosk does not, in connection with virtual currency services for a single person in the State using one or more virtual currency kiosks, accept or dispense in a single day an amount of cash, including value downloaded through prepaid access, as defined in § 12-401 of this title, or the equivalent in credit that exceeds:

   1. (1) For a new user, $2,000; or
   2. (2) For an experienced user, $10,500.

2. (b) A virtual currency kiosk operator:

   1. (1) May not impose a fee in excess of the greater of:

      1. (i) $5; or
      2. (ii) 15% of the amount of a virtual currency service transaction; and
   2. (2) Shall refund any fee imposed on a transaction that is verified as fraudulent in a manner established by the Commissioner through regulation.

3. (c) A virtual currency kiosk operator shall collect the following information from a person before accepting cash or credit in connection with a virtual currency service from the person:

   1. (1) Name;
   2. (2) Date of birth;
   3. (3) Mailing address;
   4. (4) Electronic mail address;
   5. (5) Phone number; and
   6. (6) A copy of the person's government-issued identification.

4. (d) At the end of a virtual currency transaction, the virtual currency kiosk operator shall dispense or display a receipt that includes:

   1. (1) The type of virtual currency sold or purchased;
   2. (2) The value of the virtual currency sold or purchased, including the requisite exchange rate for the virtual currency;
   3. (3) The date and time of the transaction;
   4. (4) Identifying information for the virtual currency kiosk;
   5. (5) The toll-free number for customer support; and
   6. (6) Any other information that the Commissioner requires through regulation.

Added by Acts 2025, c. 117, § 1, eff. July 1, 2025.