Minnesota bill prohibits virtual currency kiosks and mandates customer disclosures and refunds.

The Minnesota bill prohibits the operation of virtual currency kiosks within the state. It mandates that operators of such kiosks must provide clear disclosures to customers before transactions, including the transaction's terms, fees, and the risks associated with virtual currency. New customers are limited to a maximum daily transaction of $2,000 and can request a full refund if they were fraudulently induced within 72 hours of their first transaction.

Minnesota bill prohibits virtual currency kiosks and mandates customer disclosures and refunds.

The Minnesota bill prohibits the operation of virtual currency kiosks within the state. It mandates that operators of such kiosks must provide clear disclosures to customers before transactions, including the transaction's terms, fees, and the risks associated with virtual currency. New customers are limited to a maximum daily transaction of $2,000 and can request a full refund if they were fraudulently induced within 72 hours of their first transaction.