AK SB249

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

Transaction limits set at $500 per day and $5,000 per 30-day period per user, with fees capped at 2% of transaction value

Operators must provide mandatory fraud warnings on kiosks, including prominent notices that the technology can be used for scams, and must display contact information for Alaska State Troopers and local law enforcement

Fraud victims are entitled to full refunds including transaction fees if they report within 90 days of the fraudulent transaction and submit a police report or sworn statement within 120 days of contacting the operator

Operators must submit quarterly and annual reports to the department detailing transaction volumes, complaints, suspicious activity reports, and refund data, and must use blockchain analytics software to block transactions to wallets associated with fraud