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<section article="gfi" article_name="Financial Institutions" number="12-1203" title_number="12" title_name="Miscellaneous Institutions and Activities" subtitle_number="12" subtitle_name="Virtual Currency Kiosks">
  <level label="a">
    <text>Beginning January 1, 2026, a virtual currency kiosk operator shall register a virtual currency kiosk with the Commissioner before operating the virtual currency kiosk in the State.</text>
  </level>
  <level label="b">
    <text>An application for registration shall include:</text>
    <level label="1">
      <text>The name of the virtual currency kiosk operator;</text>
    </level>
    <level label="2">
      <text>The address of the virtual currency kiosk operator;</text>
    </level>
    <level label="3">
      <text>Unique identifying information for the virtual currency kiosk, such as the manufacturer name, model number, serial number, or asset tag;</text>
    </level>
    <level label="4">
      <text>If the virtual currency kiosk operator intends to operate the virtual currency kiosk from any fixed location for more than 30 days in a calendar year, each physical address where the virtual currency kiosk will be operated;</text>
    </level>
    <level label="5">
      <text>If the virtual currency kiosk operator intends to operate the virtual currency kiosk at any location for 30 days or less in a calendar year, the geographic area where the licensee intends to operate the virtual currency kiosk; and</text>
    </level>
    <level label="6">
      <text>Any other information that the Commissioner requires by regulation.</text>
    </level>
  </level>
  <level label="c">
    <text>A virtual currency kiosk operator:</text>
    <level label="1">
      <text>Shall renew the registration on an annual basis; and</text>
    </level>
    <level label="2">
      <text>May be required to pay a fee at the time of renewal.</text>
    </level>
  </level>
  <level label="d">
    <text>The Commissioner may adopt and enforce:</text>
    <level label="1">
      <text>Registration procedures for virtual currency kiosks, which may include the use of NMLS;</text>
    </level>
    <level label="2">
      <text>Registration fees for virtual currency kiosks, which may include fees for the use of NMLS, to be paid directly by the virtual currency kiosk operator;</text>
    </level>
    <level label="3">
      <text>Procedures and fees for renewing a virtual currency kiosk’s registration, which may include fees for the renewed use of NMLS, to be paid directly by the virtual currency kiosk operator;</text>
    </level>
    <level label="4">
      <text>Regulations regarding the lighting and safety of virtual currency kiosk locations; and</text>
    </level>
    <level label="5">
      <text>Regulations regarding appropriate signage to clearly identify a kiosk as a virtual currency kiosk.</text>
    </level>
  </level>
</section>
