Bill > SB482

This bill establishes comprehensive consumer protections for digital asset transaction kiosks, which are self-service electronic terminals that allow people to buy, sell, or transfer digital assets like cryptocurrency using cash. The legislation aims to protect consumers, especially older adults, from potential scams by implementing several key safeguards. For first-time customers, the bill mandates a 48-hour hold on initial transactions, allowing customers to cancel and receive a full refund during this period. Transaction limits are set at $5,000 per day for new customers and $15,000 for existing customers. Kiosks must display prominent fraud warnings, require customers to answer screening questions, and block transactions if fraud is suspected. Operators must verify customer identities, use blockchain analytics to prevent transfers to suspicious wallet addresses, and disclose all fees and pricing details transparently. Kiosks must provide detailed transaction receipts and maintain written anti-fraud policies. The bill defines key terms like "digital asset" and "first-time customer" and requires operators to use commercially reasonable methods to prevent illicit activities. These protections are designed to create a uniform standard for digital asset transaction kiosks while allowing legitimate and responsible operations. The bill is set to take effect on January 1, 2027.

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https://gc.nh.gov/bill_Status/billinfo.aspx?id=1232&inflect=2