Bill > SSB1142

Introduced Session

This bill relates to digital financial asset transaction kiosks. “Digital financial asset transaction kiosk” (kiosk) is defined in the bill. Under the bill, an operator shall not, via a kiosk, accept from, or dispense to, a consumer more than $1,000 per day. “Operator” is defined in the bill. An operator shall not collect charges from a consumer related to a digital financial asset transaction that exceed the greater of $5 or 15 percent of the United States currency equivalent of digital financial assets involved in the transaction. Prior to a transaction, the operator shall provide a written S.F. _____ disclosure to the consumer including the dollar amount of the digital financial asset involved in the transaction, any charges collected by the operator, and, if an operator does not provide a method to reverse or refund a transaction, a warning that all transactions are final. The disclosure shall be clear and conspicuous and provided separately from any other disclosure provided by the operator. For any transaction made at an operator’s kiosk, the operator shall provide the consumer with a receipt that includes the information detailed in the bill. An operator shall provide a list to the division of banking (division) of all locations of the operator’s kiosks in the state. An operator shall provide the division with updates to the list within 30 days of a change. The division shall make each operator’s list available to the public via the division’s internet site. If an operator does not engage in digital financial asset transactions, but facilitates or permits another person to engage in digital financial asset transactions via the operator’s kiosk, the operator shall ensure that the person has a license under Code section 533C.301, and that charges collected from a consumer via the kiosk comply with the bill.

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No sponsors listed

Other Sponsors (1)

Committee report approving bill, renumbered as SF 449. (on 02/25/2025)

Official Document