An Act To Set Limits On Virtual Currency Kiosks

This bill sets rules for businesses operating unstaffed virtual currency kiosks in Maine. It requires operators to hold a money transmitter license, caps daily transactions at $1,000 per customer, and limits fees to the greater of $5 or 3% of the transaction value. The law also mandates that operators ensure any third parties using their kiosks are properly licensed and comply with these rules. These provisions directly affect businesses running cash-to-virtual-currency kiosks statewide.