Bill > HB3043

This bill, known as the "Virtual Currency Kiosk Consumer Protection Act," establishes new regulations for operators of virtual currency kiosks, which are machines that allow people to exchange physical money (fiat currency) for digital currencies like Bitcoin, or vice versa. Key provisions include requiring operators to provide clear disclosures about the risks of virtual currency, such as its volatility and lack of government backing, and to offer specific terms and conditions to new customers. The bill mandates that operators use blockchain analytics software to help prevent transactions with known fraudulent digital wallet addresses, provide live customer service, and implement anti-fraud and enhanced due diligence policies, particularly to identify individuals at risk of fraud due to age or mental capacity. Furthermore, operators must designate full-time compliance and consumer protection officers and report the locations of their kiosks to the division of finance. Importantly, the bill authorizes the state's Attorney General to bring civil actions against operators for violations, seeking injunctions, civil penalties of up to $10,000 per violation, and other legal remedies, with higher penalties for violating injunctions. It also sets daily transaction limits for customers: $2,000 for new customers and $10,500 for existing customers.

https://house.mo.gov/Bill.aspx?bill=HB3043&year=2026&code=R