SC H4592

Requires owners and operators of virtual currency kiosks (cryptocurrency ATMs) in South Carolina to obtain a money transmitter license

Mandates prominent fraud warning disclosures on kiosk screens alerting customers that the technology may be used for scams by people impersonating government agents, bill collectors, or law enforcement

Imposes daily transaction limits of $2,000 for new customers (first 7 days) and $10,500 for existing customers

Requires detailed pre-transaction disclosures including fees, exchange rates, price differences from market value, and whether transactions are irreversible, plus electronic receipts after each transaction

Provides mandatory full refunds for first-time customers who were defrauded when sending cryptocurrency to wallets outside the United States, if reported within 60 days with proof such as a police report