LA HB483

Maximum daily transaction limit of $3,000 per user at virtual currency kiosks (crypto ATMs)

Operators must either wait 72 hours before processing transactions or allow users to cancel and receive a full refund within 72 hours at no cost

Kiosks must display a fraud warning notice in at least 20-point font stating that no government official will ever request cash deposits into a crypto ATM

Operators required to use blockchain analytics software to prevent sending virtual currency to wallets known to be affiliated with fraudulent activity

Operators must maintain written anti-fraud policies and enhanced due diligence policies that identify individuals at risk of fraud based on age or mental capacity