Loading chat...

IA SSB1142

SB

Status

Introduced

2/18/2025

Primary Sponsor

Technology

Click for details

Origin

Senate

91st General Assembly

AI Summary

  • Limits digital financial asset transaction kiosk (cryptocurrency ATM) transactions to a maximum of $1,000 per consumer per calendar day

  • 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

  • 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

  • Mandates operators provide receipts containing consumer name, transaction date/time, operator legal name, dollar amount, and itemized charges with the exchange used for pricing

  • 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

Committee Referrals

Technology2/18/2025

Full Bill Text

No bill text available