Maine LD1205 regulates virtual currency kiosks by requiring operator licenses, setting transaction limits, and capping fees.
Maine LD1205 mandates that operators of virtual currency kiosks must be licensed, sets a daily transaction limit of $1,000, and caps fees at either $5 or 3% of the transaction amount, whichever is higher. It also requires operators to ensure that any person using their kiosk for virtual currency business activity is licensed and compliant with all regulations.
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