An act relating to the regulation of virtual-currency kiosk operators

S 129 regulates virtual-currency kiosk operators in Vermont by setting daily transaction limits ($1,000 for new customers, $5,000 for existing customers), capping fees at $5 or 15% of transaction value, and requiring mandatory risk disclosures about virtual currency volatility, lack of government backing, and irreversible transactions. It mandates licensing for operators, prohibits new kiosks from operating before July 1, 2025 (except existing ones), and requires operators to verify third-party compliance. The bill directly affects kiosk businesses handling virtual currency transactions, ensuring consumer protections through transparency and financial safeguards. A commissioner must report by January 2025 on whether these rules sufficiently prevent fraud, referencing federal oversight recommendations.