WI SB386

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

Operators must display a fraud warning both physically (printed in 20-point type) and electronically on kiosk screens, which customers must acknowledge before completing transactions

Customer identification requirements include collecting full legal name, date of birth, phone number, address, and email, plus a copy of government-issued ID for initial transactions, and photographing customers at each transaction

Daily transaction limit set at $1,000 per customer across all kiosks, with fees capped at the greater of $5 or 3% of the transaction amount (including any markup over market value)

Full refunds required for fraud victims who report the fraudulent transaction to both the kiosk operator and law enforcement within 30 days