Minnesota prohibits the operation of virtual currency kiosks and mandates disclosures for virtual currency transactions.

The bill prohibits the placement or operation of virtual currency kiosks in Minnesota. It mandates that virtual currency kiosk operators provide clear and conspicuous disclosures to customers before transactions, including information on the risks of virtual currency, the irreversibility of transactions, and the lack of government insurance. New customers are limited to a maximum daily transaction of $2,000 for the first 72 hours, after which they become existing customers. The bill also repeals several sections of Minnesota Statutes related to virtual currency business activities.

Minnesota prohibits the operation of virtual currency kiosks and mandates disclosures for virtual currency transactions.

The bill prohibits the placement or operation of virtual currency kiosks in Minnesota. It mandates that virtual currency kiosk operators provide clear and conspicuous disclosures to customers before transactions, including information on the risks of virtual currency, the irreversibility of transactions, and the lack of government insurance. New customers are limited to a maximum daily transaction of $2,000 for the first 72 hours, after which they become existing customers. The bill also repeals several sections of Minnesota Statutes related to virtual currency business activities.