Minnesota SF4701 prohibits virtual currency kiosks and mandates disclosures for virtual currency transactions.
Minnesota SF4701 prohibits the operation of virtual currency kiosks within the state. It mandates that operators disclose material risks and transaction terms before any virtual currency transaction. For new customers, operators must provide a full refund for transactions made within the first 72 hours upon request. The bill also repeals existing statutes related to virtual currency kiosks.
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