UT SB0173

Virtual currency kiosk operators in Utah must obtain a money transmitter license and register each kiosk with the state department

Daily transaction limit of $1,000 per customer; customers with fewer than five prior transactions are limited to $2,000 cumulative

Transaction fees capped at 3% of the transaction amount

Kiosks must display prominent fraud warnings targeting vulnerable populations and provide receipts containing operator contact information, transaction details, fees, exchange rates, and refund policies

Operators must provide live customer service Monday through Friday, 8 a.m. to 10 p.m. Mountain Time; violations constitute deceptive trade practices enforceable by the attorney general