Vermont S0129 regulates virtual-currency kiosk operators, setting transaction limits, requiring licensing, and imposing a moratorium until July 1.

Vermont S0129 introduces regulations for virtual-currency kiosk operators, including a moratorium on new kiosks until July 1, 2025, to protect consumers. Operators must ensure customers are licensed, comply with transaction limits, and adhere to anti-fraud and due diligence policies. The bill mandates disclosure of material risks and requires a consumer protection officer. It also limits daily cash transactions to $2,000 for new customers and $5,000 for existing customers.

Vermont S0129 regulates virtual-currency kiosk operators, setting transaction limits, requiring licensing, and imposing a moratorium until July 1.

Vermont S0129 introduces regulations for virtual-currency kiosk operators, including a moratorium on new kiosks until July 1, 2025, to protect consumers. Operators must ensure customers are licensed, comply with transaction limits, and adhere to anti-fraud and due diligence policies. The bill mandates disclosure of material risks and requires a consumer protection officer. It also limits daily cash transactions to $2,000 for new customers and $5,000 for existing customers.