IL SB2319

Establishes the Digital Asset Kiosks Act requiring operators of cryptocurrency ATMs in Illinois to register with the Department of Financial and Professional Regulation, with existing operators having until July 1, 2027 to comply

Caps daily transaction limits at $2,500 for new customers (first 3 transactions or 7 days) and $10,500 for existing customers, with maximum charges limited to 18% of the transaction value or $5, whichever is greater

Requires operators to provide detailed pre-transaction disclosures including fees, market price spreads, fraud warnings, and risk information about digital assets not being FDIC-insured or government-backed

Mandates full refunds for new customers who are fraud victims (up to 3 transactions) and refunds of all charges for existing fraud victims, provided they report within 30 days and file a police report within 60 days

Requires operators to maintain surety bonds of $100,000 to $2,000,000 based on transaction volume, use blockchain analytics software to detect fraud, provide live customer service during operating hours, and establish dedicated law enforcement communication lines