OH HB648

Digital asset kiosk owners and operators must register as money transmitters under Ohio's existing licensing framework (Chapter 1315), requiring a minimum net worth of $500,000 and detailed wind-down plans

New customers face a mandatory 72-hour hold on transactions with the ability to cancel and receive refunds; daily transaction limits set at $2,500 for new customers and $10,500 for existing customers (registered 72+ hours), adjusted annually for inflation

Kiosks must display prominent fraud warnings stating "NO GOVERNMENTAL ENTITY OR FINANCIAL INSTITUTION WILL ASK YOU TO USE THIS MACHINE FOR PAYMENT OF DEBTS OR FINES" and disclose that digital assets lack FDIC/NCUA/SIPC protections

Identity verification via government-issued ID required for transactions of $1,000 or more; new customers aged 60+ attempting transactions of $1,000+ must complete a recorded phone call with the operator discussing fraud risks before the transaction can proceed

Operators must refund transaction fees within 10 business days for fraud victims who report to law enforcement within 30 days, employ a full-time chief compliance officer who owns no more than 20% of the company, and provide live telephone customer support during operating hours