An Act relating to virtual currency kiosks; relating to transactions involving virtual currency; and providing for an effective date.

HB 354 regulates virtual currency kiosks in Alaska by requiring operators to hold a money transmission license and obtain state department approval before operating. Operators must submit annual reports detailing fraud complaints, refunds, senior-related incidents, and prevention measures, and display specific disclosures during every transaction. These disclosures include warnings about common scams (like government impersonation and romance scams), a clear statement that transactions are irreversible, contact information for law enforcement and senior protection resources, and a prompt for users aged 60+ to receive additional assistance. The bill directly affects kiosk operators and aims to protect consumers - particularly seniors - through enhanced transparency and fraud prevention measures.