Establishes consumer protection standards for virtual currency kiosks in New Jersey.
The Virtual Currency Kiosk Consumer Protection Act standardizes notices and disclosures for consumers using virtual currency kiosks in New Jersey. It requires kiosks to display notices that they are not automated teller machines. Operators must obtain a money transmitter license from the New Jersey Department of Banking and Insurance. Operators must also provide customers with detailed transaction receipts and ensure compliance with federal and state laws.
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