MD SB305

Virtual currency kiosk operators must register each kiosk with the Commissioner of Financial Regulation beginning January 1, 2026, with annual renewal required

Daily transaction limits set at $2,000 for new users (first-time or within 72 hours of first transaction) and $10,500 for experienced users

Fees capped at the greater of $5 or 15% of the transaction amount, with mandatory refunds for verified fraudulent transactions

Kiosks must display on-screen disclosures warning that virtual currency is not legal tender, not FDIC-insured, and that losses may not be recoverable; users must acknowledge each disclosure before transacting

Operators must provide live customer support via toll-free number Monday through Friday 8 AM to 6 PM, and civil penalties up to $1,000 per day may be assessed for knowing and willful violations