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WI AB384
Bill
Status
Introduced
7/31/2025
Primary Sponsor
Ryan Spaude
Click for details
AI Summary
- Virtual currency kiosk operators must obtain a money transmitter license from the Division of Banking to operate in Wisconsin
- Operators must display a printed fraud warning (minimum 20-point type) on each kiosk and require customers to acknowledge an electronic version before completing transactions
- Customer identity verification required for initial transactions, including collection of full legal name, date of birth, contact information, and a copy of government-issued ID; a photograph must be taken at each transaction
- Daily transaction limit of $1,000 per customer and fee cap of the greater of $5 or 3% of the transaction amount (including any markup over market value)
- Full refunds required for fraud victims who report to both the operator and law enforcement within 30 days of the transaction
Legislative Description
Virtual currency kiosks.
Last Action
Representative J. Jacobson added as a coauthor
1/8/2026
Committee Referrals
Financial Institutions7/31/2025
Full Bill Text
No bill text available