TX HB2798

Requires virtual currency kiosk operators to provide customers with mandatory risk disclosures before initial transactions, including warnings that virtual currency is not legal tender, not FDIC/NCUA/SIPC insured, and that values may be volatile or lost entirely

Mandates a prominent warning disclosure about irreversible transactions and common scam tactics, which customers must acknowledge before completing any transaction

Establishes a $2,000 maximum daily transaction limit for new customers at virtual currency kiosks in Texas

Requires operators to provide receipts containing transaction details including fees, exchange rates, transaction hash, operator contact information, and refund policies

Allows customers who believe they were victims of fraud to file complaints within 14 days; if law enforcement determines the transaction was fraudulently induced, the operator must refund all fees charged

Assigns the Texas Department of Banking to administer and enforce the chapter, with authority to charge operators fees and conduct compliance investigations; compliance required by September 1, 2026