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Subcommittee approves amendment tightening crypto‑kiosk consumer protections while shelving licensure for now
Summary
Lawmakers approved an amendment that creates a 72‑hour 'new customer' refund window, caps new‑customer withdrawals at $3,000 during that window, and requires operators to notify the attorney general and manage biometric data retention; members debated a licensing requirement and premium/market effects.
The subcommittee considered a replace‑all amendment (1464h) aimed at regulating on‑site cryptocurrency kiosks and similar point‑of‑sale devices. Sponsor Keith (speaker 11) said the amendment sets a "new customer" period that begins when an ID is verified and runs for 72 hours, during which the customer may request a full refund; withdrawals in that period are capped at $3,000 total. The draft…
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