# Financial Institutions (GFI)

## Title 12. Miscellaneous Institutions and Activities

### Subtitle 12. Virtual Currency Kiosks

#### Section 12-1204

(a) A virtual currency kiosk operator shall ensure that the virtual currency kiosk does not, in connection with virtual currency services for a single person in the State using one or more virtual currency kiosks, accept or dispense in a single day an amount of cash, including value downloaded through prepaid access, as defined in Sec. 12-401 of this title, or the equivalent in credit that exceeds:

  (1) For a new user, $2,000; or

  (2) For an experienced user, $10,500.

(b) A virtual currency kiosk operator:

  (1) May not impose a fee in excess of the greater of:

    (i) $5; or

    (ii) 15% of the amount of a virtual currency service transaction; and

  (2) Shall refund any fee imposed on a transaction that is verified as fraudulent in a manner established by the Commissioner through regulation.

(c) A virtual currency kiosk operator shall collect the following information from a person before accepting cash or credit in connection with a virtual currency service from the person:

  (1) Name;

  (2) Date of birth;

  (3) Mailing address;

  (4) Electronic mail address;

  (5) Phone number; and

  (6) A copy of the person's government-issued identification.

(d) At the end of a virtual currency transaction, the virtual currency kiosk operator shall dispense or display a receipt that includes:

  (1) The type of virtual currency sold or purchased;

  (2) The value of the virtual currency sold or purchased, including the requisite exchange rate for the virtual currency;

  (3) The date and time of the transaction;

  (4) Identifying information for the virtual currency kiosk;

  (5) The toll-free number for customer support; and

  (6) Any other information that the Commissioner requires through regulation.

---

Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)