Ohio HB648 regulates digital asset kiosks, requiring them to register as money transmitters and imposing specific operational rules.

Ohio HB648 establishes regulations for digital asset kiosks, requiring them to be registered as money transmitters. The bill mandates that kiosk operators disclose transaction terms and conditions clearly and conspicuously. It limits transaction amounts for new and existing customers and requires identity verification for transactions over $1,000. Operators must also provide refunds for fraudulent transactions and maintain a detailed plan for winding down operations.

Ohio HB648 regulates digital asset kiosks, requiring them to register as money transmitters and imposing specific operational rules.

Ohio HB648 establishes regulations for digital asset kiosks, requiring them to be registered as money transmitters. The bill mandates that kiosk operators disclose transaction terms and conditions clearly and conspicuously. It limits transaction amounts for new and existing customers and requires identity verification for transactions over $1,000. Operators must also provide refunds for fraudulent transactions and maintain a detailed plan for winding down operations.