WA SB5280

Virtual currency kiosk operators must report all branch locations and authorized delegates to the nationwide licensing system at least 30 days before commencing business in Washington

Daily transaction limit of $1,000 per consumer through virtual currency kiosks

Fees and charges capped at the greater of $5 or 5% of the U.S. dollar equivalent of virtual currency per transaction

Kiosks must display fraud warnings and disclose licensee contact information before transactions; receipts must include transaction details, exchange rate, fees, and the difference between customer price and prevailing market price

Washington had the highest rate of imposter scam reports per capita in 2023 according to the FTC, prompting these consumer protections