KS HB2515

Virtual currency kiosk operators must obtain a money transmitter license and provide mandatory fraud warnings on screens (requiring user acknowledgment) plus detailed transaction receipts including fees, exchange rates, spread fees, and refund policies

Transaction limits imposed: $2,000 for initial transactions, $2,000/day within first 14 days (maximum $10,000 total), and $10,500/day after 14 days; operators must hold funds for 72 hours on transactions within 14 days of a customer's first transaction

Fees capped at the greater of $5 or 18% of the transaction amount, including any spread between market price and offered price

Operators required to use blockchain analytics software to prevent transfers to wallets linked to fraud, provide live customer service during operating hours, employ a full-time consumer protection officer, and maintain written anti-fraud and enhanced due diligence policies

Full refunds available for initial transactions within the 72-hour holding period; fraud victims who report within 30 days and submit a police report or sworn declaration may receive refunds of fees and spread charges on subsequent transactions