Missouri SB1510 modifies the Virtual Currency Kiosk Consumer Protection Act to regulate virtual currency kiosks.
Missouri SB1510 modifies the Virtual Currency Kiosk Consumer Protection Act by requiring virtual currency kiosk operators to obtain a money transmitter license. It mandates that operators disclose material risks to customers, establish anti-fraud policies, and employ compliance and consumer protection officers. The bill also requires operators to submit reports on kiosk locations and use blockchain analytics to prevent fraud. It defines terms such as "virtual currency," "blockchain," and "digital wallet" and outlines the Division of Finance's authority to enforce compliance.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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