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IA SSB1142
SB
Status
2/18/2025
Primary Sponsor
Technology
Click for details
AI Summary
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Limits digital financial asset transaction kiosk (cryptocurrency ATM) transactions to a maximum of $1,000 per consumer per calendar day
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Caps operator charges at the greater of $5 or 15% of the U.S. currency equivalent of the digital financial assets involved in the transaction
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Requires operators to provide written disclosures before transactions, including the dollar amount of digital assets involved, all charges, and a warning that transactions are final if no refund process exists
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Mandates operators provide receipts containing consumer name, transaction date/time, operator legal name, dollar amount, and itemized charges with the exchange used for pricing
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Requires operators to submit and maintain a list of all kiosk street addresses with the Division of Banking, which must publish the list online and receive updates within 30 days of any changes
Legislative Description
A bill for an act relating to digital financial asset transaction kiosks.(See SF 449.)
Last Action
Committee report approving bill, renumbered as SF 449.
2/25/2025