South Carolina H4592 regulates virtual currency kiosks, requiring licenses and disclosures.

South Carolina H4592 amends the state code to regulate the vending of digital assets through virtual currency kiosks. Owners and operators of these kiosks must obtain a money transmitter license and provide clear disclosures to customers about the risks and terms of virtual currency transactions. These disclosures must be displayed on the kiosk screens and include a warning about potential fraud. The bill also sets transaction limits for new and existing customers and mandates refunds for certain fraudulent transactions.

South Carolina H4592 regulates virtual currency kiosks, requiring licenses and disclosures.

South Carolina H4592 amends the state code to regulate the vending of digital assets through virtual currency kiosks. Owners and operators of these kiosks must obtain a money transmitter license and provide clear disclosures to customers about the risks and terms of virtual currency transactions. These disclosures must be displayed on the kiosk screens and include a warning about potential fraud. The bill also sets transaction limits for new and existing customers and mandates refunds for certain fraudulent transactions.