MS HB1625

Requires virtual currency kiosk operators to be licensed as money transmitters under Mississippi's Money Transmission Modernization Act and comply with all associated requirements

Caps transaction fees at 20% of the transaction amount and sets daily limits of $1,000 for new customers and $7,500 for existing customers, with a $5,000 cap during the first 14 days for new customers

Mandates extensive consumer fraud warnings and disclosures before transactions, including screening questions about third-party coaching and automatic transaction cancellation if customers indicate potential fraud

Requires operators to provide detailed receipts (paper and electronic), maintain blockchain analytics software to detect illicit activity, and offer live customer support with special protocols for customers 60 years or older

Authorizes the Commissioner of Banking and Consumer Finance to seize non-compliant kiosks, suspend or revoke licenses, and subjects property used in related criminal activity to civil forfeiture