Michigan SB0980 prohibits the installation and operation of cryptocurrency kiosks.
Michigan SB0980, known as the "cryptocurrency kiosk fraud prevention act," prohibits individuals or entities from installing or operating cryptocurrency kiosks. These kiosks are defined as electronic terminals that facilitate the purchase, sale, or exchange of fiat currency for cryptocurrency. Violators face state civil infractions and fines ranging from $2,000 to $10,000, depending on the number of violations.
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