Bill > HB1447

This bill establishes comprehensive regulations for virtual-currency kiosks in North Dakota, requiring operators to obtain a money transmitter license and adhere to strict operational guidelines. The bill defines key terms related to virtual currency and mandates that kiosk operators provide clear consumer disclosures, including prominent warnings about potential fraud and the risks associated with virtual currency transactions. Operators must implement blockchain analytics to detect suspicious activities, maintain an antifraud policy, and designate both a compliance officer and a consumer protection officer. The bill imposes a daily transaction limit of $2,000 per customer and requires kiosks to be located in commercially accessible areas with proper security features. Virtual-currency kiosk operators must also submit quarterly reports to the state commissioner detailing kiosk locations and provide live customer service during specified hours. The legislation aims to protect consumers by ensuring transparency, preventing fraudulent activities, and establishing clear guidelines for virtual currency transactions through automated kiosks.

Business and Industry

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1447.html