ND HB1447

Virtual-currency kiosk operators must be licensed as money transmitters in North Dakota and submit quarterly location reports to the commissioner within 45 days of each quarter end

Daily transaction limit of $2,000 per customer per calendar day across all kiosks operated by the same company

Kiosks must display prominent fraud warnings about common scams and require customer acknowledgment of disclosures in their chosen language before completing transactions

Operators must use blockchain analytics software to detect suspicious activity, maintain written antifraud policies, and employ full-time compliance officers and consumer protection officers

Live customer service required Monday through Friday from 8 a.m. to 10 p.m. central time, with toll-free number displayed on each kiosk