Senate Bill 1083 Summary

• Digital asset kiosk operators must be licensed as money transmitters in Oklahoma and face misdemeanor penalties of $600-$2,000 or 30 days to 1 year imprisonment for violations, with kiosks subject to seizure

• Operators must provide 10 days' notice to the Banking Department before locating or relocating kiosks and submit quarterly location reports within 45 days of each calendar quarter end

• All operators must use blockchain technology to prevent transactions to wallets associated with fraudulent activity, employ a full-time compliance officer, and maintain written anti-fraud policies

• Operators must display prominent fraud warnings, disclose material risks and fees clearly, provide transaction receipts with transaction hash and digital asset addresses, and limit new customer daily transactions to $2,000 with aggregate fees capped at 15% of transaction value

• Operators must provide live customer service Monday-Friday 8:00 a.m. to 10:00 p.m. CST, issue full refunds to new customers for fraudulent transactions reported within 14 days, and allow civil suits by defrauded customers; act becomes effective November 1, 2025