MA H1247

Requires virtual currency kiosk operators to be licensed as money transmitters and register each kiosk location with the Commissioner of Banks, submitting quarterly location reports within 45 days of each calendar quarter end

Imposes a daily transaction limit of $1,000 per customer and caps fees at the greater of $5.00 or 3% of the transaction value, with mandatory fraud warnings and risk disclosures in the customer's chosen language

Mandates full refunds for new customers (within first 30 days) who are fraud victims and report within 90 days, and fee refunds for existing fraud victims under the same reporting timeline

Directs the State Treasurer to develop educational resources on virtual currencies and digital assets, with curricula specifically tailored for older adults on fraud prevention

Establishes a 25-member special commission to investigate blockchain technology uses in government and business, examine tax implications, and develop a master plan with recommendations within one year of appointments