Maine LD1998 authorizes cash-dispensing machine registration through the nationwide mortgage licensing system and limits their use as virtual.
Maine LD1998 requires cash-dispensing machines to register through the nationwide mortgage licensing system and registry, with fees and background checks. It limits these machines from operating as virtual currency kiosks unless the operator is licensed as a money transmitter. The bill also authorizes fines for non-compliance and appropriates registration fees for the administrator's use.
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