Subjects virtual currency kiosks to money transmitter licensing requirements in Michigan.

This bill amends the definition of "money transmitter" to include virtual currency kiosks, subjecting them to the same licensing requirements as other money transmitters in Michigan. The bill ensures that entities operating such kiosks must comply with state regulations, enhancing oversight and consumer protection.

Subjects virtual currency kiosks to money transmitter licensing requirements in Michigan.

This bill amends the definition of "money transmitter" to include virtual currency kiosks, subjecting them to the same licensing requirements as other money transmitters in Michigan. The bill ensures that entities operating such kiosks must comply with state regulations, enhancing oversight and consumer protection.