MN HF4335

Daily transaction limit for virtual currency kiosk users reduced from $2,000 to $1,000, applying uniformly to all users rather than distinguishing between new and existing customers

Transaction fees capped at 3% of the U.S. dollar equivalent of virtual currency per transaction

Operators required to use blockchain analytics and tracing software to detect fraud patterns and block transactions to wallets associated with fraudulent activity or inaccessible overseas exchanges

Expanded fraud refund window from 14 days to 30 days for users who were fraudulently induced to make transactions, with mandatory full refund including all fees

Enhanced identity verification requirements including government-issued ID, and mandatory live customer service via toll-free number between 8:00 a.m. and 10:00 p.m. central time