HB 1625
Virtual currency kiosks; require licensure in accordance with Money Transmission Modernization Act.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
An act to create the mississippi virtual currency kiosk consumer protection act; To prohibit a person from operating a virtual currency kiosk without being licensed under the money transmission modernization act; To define terms; To require certain disclosures by virtual currency kiosk operators regarding the risks of virtual currency kiosk transactions; To implement certain fraud prevention measures; To require virtual currency kiosk operators to provide receipts to customers; To provide certain transaction limits for new customers and for existing customers; To amend sections 75-16-21 and 75-16-69, mississippi code of 1972, to conform with the provisions of this act; And for related purposes.
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