Protecting consumers of virtual currency kiosks.

Senate Bill 5280 aims to protect consumers in Washington who use virtual currency kiosks by addressing financial fraud. The bill requires licensees operating these kiosks to report their locations and authorized delegates to a nationwide system. It limits transactions to $1,000 per consumer per day and caps aggregate fees at $5 or 5% of the transaction value, whichever is greater. Additionally, kiosks must provide clear disclosures about the licensee and fraud warnings before transactions, and detailed receipts after they are completed.