PA SB1015

Virtual currency kiosk operators in Pennsylvania must obtain a money transmitter license from the Department of Banking and Securities within 60 days of the act's effective date, with unlicensed operators allowed to continue operations during the application review period.

Operators must provide customers with mandatory disclosures about material risks (including lack of FDIC/SIPC protection, transaction irreversibility, and price volatility) and display fraud warnings before each transaction.

Operators must employ full-time compliance officers and consumer protection officers (neither can own more than 20% of the company), maintain written anti-fraud policies, and implement Financial Exploitation of Elder and Vulnerable Adults policies.

Blockchain analytics software is required to prevent transactions to digital wallets known to be affiliated with fraudulent activity, and operators must provide live 24-hour customer service via a toll-free number displayed on kiosks.

Operators must report the location of all Pennsylvania kiosks to the department quarterly within 45 days of each calendar quarter's end, including physical addresses and operation start/end dates.