HB 1625

AN ACT TO CREATE THE MISSISSIPPI VIRTUAL CURRENCY KIOSK CONSUMER PROTECTION ACT; TO PROHIBIT A PERSON FROM OPERATING A VIRTUAL CURRENCY KIOSK WITHOUT BEING LICENSED UNDER THE MONEY TRANSMISSION MODERNIZATION ACT; TO DEFINE TERMS; TO REQUIRE CERTAIN DISCLOSURES BY VIRTUAL CURRENCY KIOSK OPERATORS REGARDING THE RISKS OF VIRTUAL CURRENCY KIOSK TRANSACTIONS; TO IMPLEMENT CERTAIN FRAUD PREVENTION MEASURES; TO REQUIRE VIRTUAL CURRENCY KIOSK OPERATORS TO PROVIDE RECEIPTS TO CUSTOMERS; TO PROVIDE CERTAIN TRANSACTION LIMITS FOR NEW CUSTOMERS AND FOR EXISTING CUSTOMERS; TO AMEND SECTIONS 75-16-21 AND 75-16-69, MISSISSIPPI CODE OF 1972, TO CONFORM WITH THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.