VT S0129

Daily cash transaction limits increased from $1,000 to $2,000 for new customers and capped at $5,000 for existing customers at virtual-currency kiosks in Vermont

Fee cap raised from 3% to 15% of the U.S. dollar equivalent of virtual currency per transaction (or $5.00, whichever is greater)

Operators must provide mandatory risk disclosures to customers covering topics including lack of FDIC protection, transaction irreversibility, price volatility, and fraud risks

Pre-transaction fraud warnings required, alerting customers to common scams involving requests for payments via cryptocurrency kiosks

Operators must employ full-time compliance officers and consumer protection officers, use blockchain analytics software, maintain written anti-fraud policies, and provide live customer service Monday through Friday from 8:00 a.m. to 10:00 p.m. CST