To bring virtual currency kiosks within the purview of money transmission licensure and create disclosure requirements and daily transaction limitations for new and existing customers.

Added numerous new definitions specifically for virtual currency concepts, including 'virtual currency kiosk operator,' 'virtual currency wallet,' 'stored value,' and 'digital wallet' to clarify regulatory boundaries.

Modified the definition of 'money transmission' to explicitly include the business of owning or operating a virtual currency kiosk.

Introduced strict disclosure requirements for virtual currency transactions, including mandatory warnings about irreversibility and fraud risks, and specific font size requirements for customer notices.

Established daily transaction limits of $1,000 for new customers and $10,000 for existing customers at virtual currency kiosks.

Mandated enhanced due diligence procedures, including blockchain analysis to block sanctioned wallets, temporary transaction holds for high-risk activity, and the designation of a Chief Compliance Officer.

Required licensees to provide detailed written receipts for all virtual currency transactions containing specific data points like wallet addresses, exchange rates, and fee breakdowns.

Set a 90-day deadline for existing virtual currency kiosk operators to apply for licensure through the Nationwide Multistate Licensing System (NMLS) after the bill's effective date.

Added provisions requiring licensees to report unauthorized delegate violations and establishing civil penalties for delegates who fail to remit funds to the licensee.

Corrected a citation error in the delegate authorization section, changing the reference from '§32A-2-8(c)(2) of this code' to '§32A-2-8(c)(2) of this article code'.

Slightly refined the required warning text for virtual currency transactions, changing 'may be irreversible' to 'ARE IRREVERSIBLE' to emphasize the finality of transactions.

Added new definitions for 'digital wallet', 'virtual currency', 'virtual currency kiosk operator', and related terms to clarify regulatory boundaries.

Modified the definition of 'money transmission' to explicitly include owning or operating a virtual currency kiosk.

Mandated specific risk disclosures, receipt content, and transaction limits for virtual currency kiosks to protect consumers.

Required licensees to designate a contact for law enforcement and employ a chief compliance officer.

Established a 10-day window for new customers to cancel fraudulent transactions and receive refunds.

Added provisions for enhanced due diligence and blockchain analysis to prevent sanctioned wallets from being used.

Set a 90-day deadline for existing virtual currency kiosk operators to apply for licensure after the bill's effective date.

Changed the document status from 'Engrossed Committee Substitute' to 'Enrolled Committee Substitute', indicating the bill has passed both legislative chambers and is ready for the Governor's signature.

Added new definitions for 'virtual currency,' 'virtual currency kiosk,' 'money transmission kiosk,' 'new customer,' 'existing customer,' and 'elder adult' to clarify regulatory boundaries.

Added a rebuttable presumption that holding 10% or more of voting shares constitutes 'control' of a licensee, lowering the threshold from 25%.

Mandated specific disclosures regarding fraud risks, irreversibility of transactions, and lack of government insurance before any virtual currency transaction.

Required licensees to provide detailed written receipts containing transaction hashes, wallet addresses, fees, and contact information for the Division of Financial Institutions.

Established maximum daily transaction limits of $1,000 for new customers and $10,000 for existing customers.

Created a refund mechanism allowing new customers to cancel and receive a full refund for fraudulent transactions if reported within 10 days of registration.

Imposed obligations on licensees to employ a Chief Compliance Officer, conduct blockchain analysis to block sanctioned wallets, and provide live customer support.

Extended the definition of money transmission to explicitly include owning or operating a virtual currency kiosk.

Clarified that state law governs unless federal law preempts it, but authorized the Commissioner to provide interpretive guidance on inconsistencies.