AK HB324

Virtual currency kiosk operators must hold a money transmission license and register with the department before operating in Alaska

First-time users face a mandatory 48-hour hold on their initial transaction, and operators must cap transactions at $1,000 per day and $10,000 per 30-day period

Transaction fees cannot exceed 3% of the transaction value, and operators must provide full refunds to fraud victims who report within 90 days and submit documentation within 120 days

Kiosks must display prominent fraud warnings, disclose that virtual currency is not FDIC-insured or government-backed, and provide receipts with contact information for law enforcement and the department

Operators must use blockchain analytics software to block transactions to wallets associated with fraud, submit quarterly and annual reports to the department, and provide live customer service between 8:00 a.m. and 10:00 p.m. Alaska time