Mississippi · 2026 Regular Session
An Act To Enact The "money Transmission Modernization Act For Virtual Currency Kiosks"; To Define Terms; To Provide Licensing Requirements For Virtual Currency Kiosk Operators; To Prohibit Virtual Operators From Using Any Sign Using The Words "automatic Teller Machine" Or "atm"; To Provide Disclosure Requirements; To Require Operators To Disclose All Material Risks Associated With Virtual Currency; To Require Specific Disclosures; To Provide For New Accounts And Initial Transactions; To Require Operators To Disclose To Customers The Terms And Conditions Of A Transaction; To Require Certain Terms And Conditions; To Require Operators To Ensure That Each Customer Acknowledges Receipt Of All Required Disclosures; To Provide For Receipt Requirements; To Limit The Total Amount Of A Fees And Commission Charge To Not More Than 15% Of The Amount Of The Virtual Currency Transaction; To Provide Daily Transaction Limits Per Customer; To Provide For Refunds For New Customers Upon Fraudulent Activity; To Require Customer Identification And Provide For Wallet Restrictions; To Require Operators To Use Blockchain Analytics Software; To Require Operators To Take Reasonable Steps To Detect And…
Died In Committee (2026-02-03)