Regulatory Alerts2026-06-29
Added · Updated
Virtual Currency Kiosk Consumer Protection Act
This House Bill establishes the Virtual Currency Kiosk Consumer Protection Act in Kansas, imposing comprehensive regulations on virtual currency kiosk operators to safeguard consumers. Operators are required to provide extensive disclosures on risks and terms, implement anti-fraud measures including blockchain analytics and enhanced due diligence, offer live customer service, and obtain a money transmitter license. The act also sets transaction limits, caps fees, mandates identity verification, establishes refund policies, and grants the Attorney General and law enforcement agencies authority to investigate fraudulent activities.