WI SB975

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

Operators must display fraud warning notices on kiosks and require customer acknowledgment before transactions; warnings must alert users to common scams involving impersonation of officials or loved ones

Customer identification requirements include collecting full legal name, date of birth, contact information, and government-issued ID before initial transactions, plus photographing customers at each transaction

Daily transaction limit set at $500 per customer; fees capped at the greater of $5 or 3% of the transaction amount

Operators must provide full refunds for fraudulent transactions if customers report to both the operator and law enforcement within 30 days, and must maintain written antifraud policies