Maryland SB741 regulates virtual currency kiosks to ensure they do not offer services similar to automated teller machines.
Maryland SB741 amends the definition of "virtual currency services" to exclude the accepting or dispensing of cash in connection with credit, deposit, or convenience accounts. It also clarifies that virtual currency kiosks must not offer the same services as automated teller machines. This bill ensures that virtual currency kiosks operate solely for the purpose of virtual currency services and do not perform functions like money transmission. The changes take effect on October 1, 2026.
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