SF449 regulates digital financial asset transaction kiosks, setting daily transaction limits, charge caps, and requiring disclosures and receipts.

SF449 establishes rules for digital financial asset transaction kiosks, which are electronic devices that exchange U.S. currency for digital financial assets. Operators of these kiosks must limit daily transactions to $1,000 and charges to the greater of $5 or 15% of the transaction amount. Operators must provide clear written disclosures to consumers before transactions, including the transaction amount, fees, and fraud warnings. Receipts must be provided for each transaction, including consumer name, transaction details, and operator contact information.

SF449 regulates digital financial asset transaction kiosks, setting daily transaction limits, charge caps, and requiring disclosures and receipts.

SF449 establishes rules for digital financial asset transaction kiosks, which are electronic devices that exchange U.S. currency for digital financial assets. Operators of these kiosks must limit daily transactions to $1,000 and charges to the greater of $5 or 15% of the transaction amount. Operators must provide clear written disclosures to consumers before transactions, including the transaction amount, fees, and fraud warnings. Receipts must be provided for each transaction, including consumer name, transaction details, and operator contact information.