Pennsylvania SB1015 regulates virtual currency kiosks, requiring reporting, compliance, and anti-fraud measures.

Pennsylvania SB1015, known as the Virtual Currency Kiosk Regulation Act, mandates that operators of virtual currency kiosks in the state report kiosk locations, provide detailed transaction receipts, and maintain anti-fraud policies. Operators must also designate a consumer protection officer and a compliance officer, ensuring full-time employment and limiting ownership stakes. The bill requires operators to use blockchain analytics to prevent fraud and mandates a warning disclosure for customers.

Pennsylvania SB1015 regulates virtual currency kiosks, requiring reporting, compliance, and anti-fraud measures.

Pennsylvania SB1015, known as the Virtual Currency Kiosk Regulation Act, mandates that operators of virtual currency kiosks in the state report kiosk locations, provide detailed transaction receipts, and maintain anti-fraud policies. Operators must also designate a consumer protection officer and a compliance officer, ensuring full-time employment and limiting ownership stakes. The bill requires operators to use blockchain analytics to prevent fraud and mandates a warning disclosure for customers.