Michigan HB6077 prohibits the operation of virtual currency kiosks in the state.

Michigan HB6077, known as the "virtual currency kiosk prevention act," prohibits the operation of virtual currency kiosks in the state. A virtual currency kiosk is defined as an electronic terminal that facilitates transactions involving virtual currency. The act imposes penalties for violations, including fines, imprisonment, and community service. The attorney general or a county prosecutor can bring actions to enforce the act, with potential relief including injunctions, fines, and forfeiture of charges collected. The act takes effect 90 days after it is enacted into law.

Michigan HB6077 prohibits the operation of virtual currency kiosks in the state.

Michigan HB6077, known as the "virtual currency kiosk prevention act," prohibits the operation of virtual currency kiosks in the state. A virtual currency kiosk is defined as an electronic terminal that facilitates transactions involving virtual currency. The act imposes penalties for violations, including fines, imprisonment, and community service. The attorney general or a county prosecutor can bring actions to enforce the act, with potential relief including injunctions, fines, and forfeiture of charges collected. The act takes effect 90 days after it is enacted into law.