Mississippi HB1625 requires virtual currency kiosk operators to be licensed under the Money Transmission Modernization Act and mandates specific.
Mississippi HB1625 mandates that virtual currency kiosk operators must be licensed under the Money Transmission Modernization Act. It requires operators to disclose material risks associated with virtual currency transactions to customers in both English and the principal language used by the operator. Operators must also provide receipts for transactions in both physical and electronic form. The bill sets daily transaction limits for new and existing customers and requires operators to implement anti-fraud measures, including using blockchain analytics software.
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- Core Provisions
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- Legal Framework
- Critical Issues
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