AK SB249

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

Transaction limits capped at $1,000 per day and $10,000 per 30-day period per user, with fees limited to 3% of transaction value

Operators must display prominent fraud warnings, provide disclosures in the user's chosen language, and issue full refunds to fraud victims within 72 hours of receiving a police report or sworn statement

Quarterly and annual reporting required to the department, including transaction volumes, revenue, complaints, refund data, and suspicious activity reports filed under the Bank Secrecy Act

Operators must verify user identity with government-issued ID, use blockchain analytics to detect fraudulent wallets, provide annual staff training on fraud detection, and maintain live customer service from 8:00 a.m. to 10:00 p.m. Alaska time