Pennsylvania HB2643 regulates virtual currency kiosks, requiring licenses, setting operational standards, and establishing a public education.
Pennsylvania HB2643 introduces regulations for virtual currency kiosks, requiring operators to obtain licenses from the Department of Banking and Securities. The bill mandates specific operational standards, including the requirement for kiosks to provide printed and electronic receipts, limit transaction fees, and display clear warnings and disclosures to customers. It also establishes the Virtual Currency Kiosk Public Education Campaign Fund to inform the public about virtual currency kiosks and potential scams.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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