AK HB354

Virtual currency kiosk operators must hold a money transmission license and register each kiosk location with the department, which may deny placement in areas with high fraud patterns

Kiosks must display prominent fraud warnings, scam descriptions targeting seniors, and contact information for law enforcement; users age 60+ must be asked their age and offered additional assistance

Transaction limits cap seniors (60+) at $1,000/day and $300 verification threshold, while users under 60 face $2,000/day limits and $1,000 verification threshold; all users limited to $10,000 per 30-day period

Operators must provide full refunds including fees for fraud-related transactions reported within 120 days with a police report; failure to refund results in treble damages or $10,000 minimum liability

Transaction fees capped at the greater of $5 or 10% of transaction amount; violations subject to civil penalties up to $10,000 per violation per day; effective July 1, 2026