WI AB968

Virtual currency kiosk operators in Wisconsin must obtain a money transmitter license from the Division of Banking to operate

Transactions limited to $500 per customer per day, with fees capped at the greater of $5 or 3% of the transaction amount

Operators must verify customer identity before initial transactions by collecting full legal name, date of birth, contact information, and government-issued ID; a photograph must be taken at each transaction

Mandatory fraud alert warnings must be affixed to kiosk fronts (minimum 20-point type) and displayed on screens, requiring customer acknowledgment before proceeding

Full refunds required if customers report fraudulent transactions within 30 days to the operator and law enforcement/state agencies; kiosks prohibited within 5 feet of ATMs