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--- version:Bill Text
+++ version:(document, no version)
@@ -1,3370 +1,268 @@
-LEGISLATURE
+ST
+A
+TEMENT
OF
-THE
-STATE
-OF
-IDAHO
-Sixty-eighth
-Legislature
-Second
-Regular
-Session
--
-2026
-IN
-THE
-SENATE
-SENATE
-BILL
-NO.
-1333
-BY
-STATE
-AFFAIRS
-COMMITTEE
-AN
-ACT
-1
-RELATING
-TO
-THE
-VIRTUAL
-CURRENCY
-KIOSK
-FRAUD
-PREVENTION
-ACT;
-AMENDING
-TITLE
-2
-28,
-IDAHO
-CODE,
-BY
-THE
-ADDITION
-OF
-A
-NEW
-CHAPTER
-54,
-TITLE
-28,
-IDAHO
-3
-CODE,
-TO
-PROVIDE
-A
-SHORT
-TITLE,
-TO
-DEFINE
-TERMS,
-TO
-ESTABLISH
-A
-LICENS
--
-4
-ING
-REQUIREMENT,
-TO
-ESTABLISH
-REPORTING
-REQUIREMENTS,
-TO
-PROVIDE
-FOR
-5
-MANDATORY
-DISCLOSURES,
-TO
-ESTABLISH
-CUSTOMER
-SERVICE
-REQUIREMENTS,
-6
-TO
-PROVIDE
-FOR
-TRANSACTION
-RECEIPTS,
-TO
-PROVIDE
-FOR
-THE
-PREVENTION
-OF
-7
-FRAUDULENT
-ACTIVITY
-AND
-MONEY
-LAUNDERING,
-TO
-PROVIDE
-FOR
-REFUNDS,
-TO
-8
-PROVIDE
-FOR
-PENALTIES,
-AND
-TO
-PROVIDE
-FOR
-INFORMATION
--
-SHARING
-RELATED
-9
-TO
-VIRTUAL
-CURRENCY
-KIOSK
-FRAUD;
-AND
-DECLARING
-AN
-EMERGENCY
-AND
-PROVID
--
-10
-ING
-AN
-EFFECTIVE
-DATE.
-1
-1
-Be
-It
-Enacted
-by
-the
-Legislature
-of
+PURPOSE
+RS33426
+/
+S1333
+The
+purpose
+of
+this
+legislation
+is
+to
+establish
+a
+clear
+regulatory
+framework
+for
+virtual
+currency
+kiosks
+operating
+within
the
State
of
-Idaho:
-12
-SECTION
-1.
-That
-Title
-28,
Idaho
-Code,
-be,
-and
-the
-same
+to
+enhance
+consumer
+protection
+and
+prevent
+financial
+exploitation.
+The
+bill
+requires
+kiosk
+operators
+to
+register
+with
+the
+state,
+provide
+clear
+fee
+and
+exchange
+rate
+disclosures,
+post
+fraud
+warnings,
+maintain
+transaction
+records,
+and
+implement
+reasonable
+transaction
+limits
+and
+fraud-prevention
+safeguards.
+V
+irtual
+currency
+kiosks
+have
+increasingly
+been
+used
+in
+scams
+tar
+geting
+Idaho
+consumers,
+particularly
+older
+adults,
+due
+to
+the
+rapid
+and
+irreversible
+nature
+of
+virtual
+currency
+transactions.
+By
+creating
+transparency
+and
+accountability
+requirements,
+this
+bill
+strengthens
+consumer
+protections
+while
+allowing
+legitimate
+virtual
+currency
+businesses
+to
+operate
+responsibly
+within
+the
+state.
+The
+measure
+promotes
+public
+safety
+,
+supports
+law
+enforcement
+investigations,
+and
+reduces
+financial
+exploitation
+without
+prohibiting
+lawful
+virtual
+currency
+kiosk
+activity
+.
+FISCAL
+NOTE
+This
+legislation
is
-hereby
-amended
-13
-by
-the
-addition
-thereto
-of
-a
-NEW
-CHAPTER
-,
+not
+expected
+to
+have
+a
+significant
+impact
+on
+the
+state
+general
+fund.
+Any
+administrative
+costs
+associated
+with
+registration
+and
+oversight
+are
+anticipated
to
be
-known
-and
-designated
-as
-Chap
--
-14
-ter
-54,
-Title
-28,
-Idaho
-Code,
-and
-to
-read
-as
-follows:
-15
-CHAPTER
-54
-16
-VIRTUAL
-CURRENCY
-KIOSK
-FRAUD
-PREVENTION
-ACT
-17
-28
--
-5401.
-SHORT
-TITLE.
-This
-act
-shall
-be
-known
+minimal
and
may
be
-cited
+of
+fset
+by
+registration
+or
+licensing
+fees.
+No
+additional
+appropriations
+are
+anticipated.
+Contact:
+Representative
+Dustin
+Manwaring
+(208)
+332-1079
+Senator
+James
+Ruchti
+(208)
+332-141
+1
+DISCLAIMER:
+This
+statement
+of
+purpose
+and
+fiscal
+note
+ar
+e
+a
+mer
+e
+attachment
+to
+this
+bill
+and
+pr
+epar
+ed
+by
+a
+pr
+oponent
+of
+the
+bill.
+It
+is
+neither
+intended
as
-the
-18
-"Virtual
-Currency
-Kiosk
-Fraud
-Prevention
-Act."
-19
-28
--
-5402.
-DEFINITIONS.
-For
-the
-purposes
-of
-this
-chapter:
-20
-(1)
-"Blockchain
-analytics"
-means
-the
-analysis
-of
-data
-from
-blockchains
-21
-or
-public
-distributed
-ledgers,
+an
+expr
+ession
+of
+legislative
+intent
+nor
+intended
+for
+any
+use
+outside
+of
+the
+legislative
+pr
+ocess,
including
-associated
-transaction
-informa
--
-22
-tion.
-23
-(2)
-"Blockchain
-analytics
-and
-tracing
-software"
-means
-a
-software
-ser
--
-24
-vice
-that
-uses
-blockchain
-analytics
-data
-to
-provide
-risk
--
-specific
-informa
--
-25
-tion
-and
-tracing
-of
-virtual
-currency
-wallet
-addresses.
-26
-(3)
-"Department"
-means
-the
-Idaho
-department
-of
-finance.
-27
-(4)
-"Fraud"
-or
-"fraudulent"
-means
-an
-intentional
-deception
-or
-misrep
--
-28
-resentation
-made
-by
-a
-person
-with
-the
-knowledge
-that
-the
-deception
-could
-re
--
-29
-sult
-in
-some
-unauthorized
-benefit
-to
-himself
-or
-some
-other
-person.
-30
-(5)
-"New
-customer"
-means
-a
-user
-who
-is
-transacting
-with
-an
-operator:
-31
-(a)
-For
-the
-first
-time;
-or
-32
-(b)
-Within
-seventy
--
-two
-(72)
-hours
-after
-such
-user's
-first
-transaction
-33
-with
-the
-operator.
-34
-(6)
-"Operator"
-means
-a
-person
-who
-owns,
-operates,
-or
-manages
-a
-virtual
-35
-currency
-kiosk
-located
-in
-the
-United
-States
-or
-in
-any
-United
-States
-terri
--
-36
-tory.
-37
-(7)
-"Potentially
-vulnerable
-older
-adult"
-means
-a
-person
-sixty
--
-five
-38
-(65)
-years
-of
-age
-or
-older
-who
-is
-unable
-to
-protect
-himself
-from
-maltreatment
-39
-because
-of:
-40
-
-2
-(a)
-A
-mental,
-physical,
-or
-developmental
-disability;
-1
-(b)
-A
-degenerative
-brain
-disease;
-2
-(c)
-An
-inability
-to
-communicate
-or
-implement
-decisions
-regarding
-his
-3
-person;
-or
-4
-(d)
-Other
-infirmities
-of
-aging
-in
-an
-older
-adult.
-5
-(8)
-"Transaction
-fees"
-means
-fees
-or
-expenses
-paid
-by
-a
-user
-in
-order
-6
-to
-conduct
-a
-virtual
-currency
-kiosk
-transaction.
-Transaction
-fees
-equal
-the
-7
-difference
-between
-the
-market
-price
-of
-the
-virtual
-currency
-and
-the
-price
-of
-8
-the
-virtual
-currency
-charged
-to
-the
-user.
-9
-(9)
-"Transaction
-hash"
-means
-the
-unique
-alphanumeric
-identifier
-as
--
-10
-signed
-to
-a
-virtual
-currency
-kiosk
-transaction.
-1
-1
-(10)
-"User"
-means
-any
-individual
-or
-entity
-that
-initiates,
-authorizes,
-12
-or
-completes
-a
-transaction
-involving
-virtual
-currency
-through
-a
-virtual
-cur
--
-13
-rency
-kiosk,
-whether
-for
-the
-purpose
-of
-purchasing,
-selling,
-transferring,
-14
-or
-otherwise
-exchanging
-virtual
-currency.
-15
-(11)
-"Virtual
-currency"
-means
-a
-type
-of
-digital
-asset,
-as
-defined
-in
-16
-section
-28
--
-5303,
-Idaho
-Code,
-that
-confers
-economic,
-proprietary,
-or
-access
-17
-rights
-or
-powers
-and
-is
-recorded
-using
-cryptographically
-secured
-dis
--
-18
-tributed
-ledger
-technology
-or
-any
-similar
-analogue.
-19
-(12)
-"Virtual
-currency
-address"
-means
-an
-alphanumeric
-identifier
-asso
--
-20
-ciated
-with
-a
-virtual
-currency
-wallet
-identifying
-the
-location
-to
-which
-a
-21
-virtual
-currency
-transaction
-can
-be
-sent.
-22
-(13)
-"Virtual
-currency
-kiosk"
-means
-a
-stand
--
-alone
-machine
-that
-is
-ca
--
-23
-pable
-of
-accepting
-or
-dispensing
-legal
-tender
-in
-exchange
-for
-virtual
-cur
--
-24
-rency.
-25
-(14)
-"Virtual
-currency
-kiosk
-transaction"
-means
-a
-transaction
-con
--
-26
-ducted
-or
-performed,
-in
-whole
-or
-in
-part,
-by
-electronic
-means
-via
-a
-virtual
-27
-currency
-kiosk.
-Virtual
-currency
-kiosk
-transaction
-also
-means
-a
-transaction
-28
-made
-at
-a
-virtual
-currency
-kiosk
-to
-purchase
-virtual
-currency
-with
-or
-to
-sell
-29
-virtual
-currency
-for
-United
-States
-dollars.
-30
-(15)
-"Virtual
-currency
-wallet"
-means
-a
-software
-application
-or
-other
-31
-mechanism
-providing
-a
-means
-to
-hold
-the
-keys
-necessary
-to
-access
-and
-transfer
-32
-virtual
-currency.
-33
-28
--
-5403.
-OPERATOR
-LICENSING
-REQUIREMENT.
-In
-order
-for
-an
-operator
-to
-34
-engage
-in
-or
-hold
-itself
-out
-as
-being
-able
-to
-engage
-in
-a
-virtual
-currency
-35
-kiosk
-transaction,
-such
-operator
-must
-be
-a
-licensed
-money
-transmitter
-pur
--
-36
-suant
-to
-the
-provisions
-of
-chapter
-29,
-title
-26,
-Idaho
-Code.
-37
-28
--
-5404.
-OPERATOR
-REPORTING
-REQUIREMENTS.
-(1)
-An
-operator
-shall
-com
--
-38
-plete,
-collect,
-and
-maintain
-quarterly
-reports
-and
-any
-supporting
-records
-39
-for
-each
-virtual
-currency
-kiosk
-that
-it
-operates
-in
-Idaho.
-Such
-reports
-and
-40
-records
-shall
-be
-made
-available
-to
-the
-department,
-upon
-request,
-in
-a
-format
-41
-specified
-by
-the
-department,
-within
-three
-(3)
-business
-days
-of
-such
-request.
-42
-Reports
-pursuant
-to
-this
-subsection
-shall
-include,
-at
-a
-minimum,
-the
-follow
--
-43
-ing
-information:
-44
-(a)
-The
-operator's
-legal
-name;
-45
-(b)
-Any
-fictitious
-or
-trade
-name
-used
-by
-the
-operator,
-if
-applicable;
-46
-(c)
-The
-operator's
-physical
-address;
-47
-
-3
-(d)
-The
-date
-the
-operator
-commenced
-operation
-of
-the
-virtual
-currency
-1
-kiosk
-at
-the
-location;
-2
-(e)
-The
-date
-the
-operator
-ceased
-operation
-of
-the
-virtual
-currency
-3
-kiosk
-at
-the
-location,
-if
-applicable;
-4
-(f)
-Each
-address
-used
-by
-the
-operator
-to
-provide
-customer
-service
-in
-5
-Idaho;
-and
-6
-(g)
-The
-number
-of
-transactions
-that
-the
-operator
-declined
-due
-to
-suspi
--
-7
-cion
-of
-fraud
-or
-other
-illegal
-activity.
-8
-(2)
-An
-operator
-shall
-complete,
-collect,
-and
-maintain
-annual
-reports
-9
-and
-any
-supporting
-records
-for
-each
-virtual
-currency
-kiosk
-it
-operates
-in
-10
-Idaho,
-to
-be
-completed
-on
-or
-before
-March
-31,
-relating
-to
-the
-operator's
-1
-1
-business
-conducted
-in
-the
-prior
-year.
-Such
-reports
-and
-records
-shall
-be
-made
-12
-available
-to
-the
-department,
-upon
-request,
-in
-a
-format
-specified
-by
-the
-de
--
-13
-partment,
-within
-three
-(3)
-business
-days
-of
-such
-request.
-A
-report
-pursuant
-14
-to
-this
-subsection
-shall
-be
-on
-a
-form
-prescribed
-by
-the
-department
-and
-shall
-15
-include,
-at
-a
-minimum:
-16
-(a)
-Gross
-revenue
-attributable
-to
-virtual
-currency
-transactions
-con
--
-17
-ducted
-via
-virtual
-currency
-kiosks
-in
-the
-state;
-18
-(b)
-A
-copy
-of
-any
-complaint
-filed
-against
-the
-operator
-with
-the
-bet
--
-19
-ter
-business
-bureau,
-with
-any
-state
-agency
-other
-than
-the
-department,
-or
-20
-with
-any
-federal
-agency,
-and
-a
-description
-of
-the
-resolution,
-if
-any,
-of
-21
-each
-such
-complaint;
-22
-(c)
-The
-total
-number
-and
-value
-of
-virtual
-currency
-transactions
-con
--
-23
-ducted
-via
-the
-operator's
-virtual
-currency
-kiosks
-in
-the
-state;
-24
-(d)
-The
-total
-number
-of
-refunds
-requested
-by
-users,
-the
-number
-of
-refund
-25
-requests
-granted
-and
-the
-number
-of
-refund
-requests
-denied
-by
-the
-opera
--
-26
-tor,
-and
-the
-total
-dollar
-amount
-of
-such
-refunds;
-27
-(e)
-Contact
-details
-of
-the
-operator's
-compliance
-officer;
-28
-(f)
-A
-dedicated
-United
-States
-phone
-number
-and
-email
-address
-for
-commu
--
-29
-nications
-with
-government
-fraud
-investigators
-and
-law
-enforcement;
-and
-30
-(g)
-The
-total
-number
-of
-virtual
-currency
-corresponding
-locations.
-31
-(3)
-The
-phone
-number
-and
-email
-address
-required
-pursuant
-to
-subsection
-32
-(2)(f)
-of
-this
-section
-shall
-be
-frequently
-monitored.
-Upon
-request
-from
-law
-33
-enforcement
-or
-the
-department,
-a
-virtual
-currency
-kiosk
-operator
-shall
-pro
--
-34
-vide
-trace
-findings
-and
-grant
-assistance
-with
-blockchain
-analytics
-for
-in
--
-35
-vestigative
-purposes.
-36
-(4)
-Within
-ten
-(10)
-business
-days
-after
-receipt
-of
-a
-request
-from
-the
-37
-department,
-the
-virtual
-currency
-kiosk
-operator
-shall
-provide
-any
-transac
--
-38
-tion
-and
-user
-information
-requested
-by
-the
-department,
-including
-with
-re
--
-39
-spect
-to
-any
-transactions
-attempted
-but
-denied.
-40
-(5)
-Transaction
-data
-collected
-by
-the
-department
-pursuant
-to
-this
-sec
--
-41
-tion
-shall
-be
-confidential
-and
-may
-be
-released
-only
-in
-composite
-form,
-unless
-42
-otherwise
-required
-by
-law.
-43
-(6)
-Failure
-to
-complete,
-collect,
-or
-maintain
-a
-report
-or
-record
-as
-re
--
-44
-quired
-pursuant
-to
-this
-section,
-or
-to
-timely
-provide
-such
-reports
-or
-records
-45
-to
-the
-department,
-shall
-constitute
-a
-violation
-of
-this
-chapter.
-46
-28
--
-5405.
-MANDATORY
-DISCLOSURES.
-(1)
-An
-operator
-shall
-disclose
-all
-47
-relevant
-terms
-and
-conditions
-generally
-associated
-with
-the
-products,
-ser
--
-48
-vices,
-and
-activities
-of
-the
-operator
-and
-virtual
-currency,
-including
-but
-49
-
-4
-not
-limited
-to
-transaction
-fees
-collected
-and
-exchange
-rates
-used.
-Such
-dis
--
-1
-closures
-shall
-be
-made
-in
-a
-clear,
-conspicuous,
-and
-easily
-readable
-manner
-in
-2
-the
-language
-chosen
-by
-the
-user.
-3
-(2)
-A
-user
-who
-engages
-with
-a
-virtual
-currency
-kiosk
-shall
-receive
-ac
--
-4
-knowledgment
-of
-receipt
-of
-all
-disclosures
-required
-under
-this
-section
-via
-5
-confirmation
-of
-consent
-at
-such
-virtual
-currency
-kiosk.
-6
-(3)
-The
-disclosures
-required
-by
-this
-section
-shall
-address
-the
-follow
--
-7
-ing
-in
-substantially
-the
-following
-form:
-8
-WARNING:
-this
-technology
-can
-be
-used
-to
-defraud
-you.
-9
-If
-someone
-asked
-you
-to
-deposit
-money
-in
-this
-machine
-and/or
-is
-on
-the
-10
-phone
-with
-you
-and
-claims
-to
-be
-a:
-1
-1
-Friend
-or
-family
-member,
-12
-Government
-agent,
-13
-Computer
-software
-representative,
-14
+judicial
+r
+eview
+(Joint
+Rule
+18).
+Statement
+of
+Purpose
+/
+Fiscal
+Note
Bill
-collector,
-15
-Law
-enforcement
-officer,
-or
-16
-A
-person
-whom
-you
-do
-not
-know...
-17
-STOP
-THIS
-TRANSACTION
-IMMEDIATELY,
-contact
-law
-enforcement,
-and
-notify
-18
-the
-kiosk
-operator.
-19
-This
-may
-be
-a
-scam
-.
-NEVER
-SEND
-MONEY
-TO
-SOMEONE
-YOU
-DO
-NOT
-KNOW.
-20
-(4)
-The
-material
-risks
-associated
-with
-virtual
-currency
-and
-virtual
-21
-currency
-transactions
-shall
-be
-disclosed
-to
-each
-user
-of
-a
-virtual
-currency
-22
-kiosk
-in
-Idaho.
-Such
-disclosures
-shall
-be
-accompanied
-by
-information
-that
-23
-may
-be
-used
-by
-a
-user
-to
-seek
-assistance,
-including:
-24
-(a)
-The
-name,
-address,
-and
-telephone
-number
-of
-the
-operator;
-25
-(b)
-The
-days
-and
-times
-the
-operator
-is
-available
-and
-the
-methods
-that
-a
-26
-user
-may
-use
-to
-contact
-the
-operator
-for
-assistance;
-and
-27
-(c)
-The
-contact
-information
-for
-state
-and
-local
-law
-enforcement,
-which
-28
-shall
-be
-displayed
-on
-or
-at
-the
-location
-of
-the
-virtual
-currency
-kiosk
-or
-29
-on
-the
-first
-screen
-of
-such
-kiosk.
-30
-28
--
-5406.
-CUSTOMER
-SERVICE
-REQUIREMENTS.
-(1)
-An
-operator
-shall
-provide
-31
-live
-customer
-service
-at
-a
-toll
--
-free
-number
-seven
-(7)
-days
-a
-week.
-Daily
-32
-business
-hours
-shall
-be
-from,
-at
-a
-minimum,
-8:00
-a.m.
-to
-8:00
-p.m.
-local
-time
-33
-for
-all
-Idaho
-locations
-where
-the
-operator's
-virtual
-currency
-kiosks
-are
-lo
--
-34
-cated.
-35
-(2)
-Trained
-representatives
-of
-an
-operator
-shall
-be
-available
-to
-re
--
-36
-spond
-to
-customer
-telephone
-inquiries
-during
-the
-business
-hours
-required
-37
-pursuant
-to
-this
-section.
-38
-(3)
-Inquiries
-received
-after
-normal
-business
-hours
-shall
-be
-responded
-39
-to
-by
-a
-trained
-representative
-on
-the
-next
-business
-day.
-40
-28
--
-5407.
-TRANSACTION
-RECEIPTS.
-(1)
-An
-operator
-shall
-provide
-each
-41
-user
-with
-paper
-and
-electronic
-receipts
-at
-the
-conclusion
-of
-each
-virtual
-42
-currency
-kiosk
-transaction.
-43
-
-5
-(2)
-A
-receipt
-required
-pursuant
-to
-this
-section
-shall
-include
-the
-fol
--
-1
-lowing
-information:
-2
-(a)
-The
-operator's
-name
-and
-toll
--
-free
-customer
-service
-phone
-number
-3
-with
-operating
-hours;
-4
-(b)
-Relevant
-contact
-information
-for
-the
-operator,
-state
-and
-local
-law
-5
-enforcement,
-and
-the
-department;
-6
-(c)
-Type,
-value,
-date,
-and
-precise
-time
-of
-the
-transaction
-and
-each
-ap
--
-7
-plicable
-virtual
-currency
-address
-and
-transaction
-hash;
-8
-(d)
-All
-transaction
-fees;
-9
-(e)
-The
-exchange
-rate
-of
-the
-virtual
-currency
-to
-U.S.
-dollars;
-and
-10
-(f)
-The
-virtual
-currency
-kiosk
-operator's
-refund
-policy.
-1
-1
-28
--
-5408.
-PREVENTION
-OF
-FRAUDULENT
-ACTIVITY
-AND
-MONEY
-LAUNDERING.
-(1)
-12
-An
-operator
-shall
-take
-reasonable
-steps
-to
-detect
-and
-prevent
-fraud
-and
-money
-13
-laundering.
-This
-shall
-include:
-14
-(a)
-Establishing
-and
-maintaining
-a
-written
-anti
--
-fraud
-policy;
-15
-(b)
-Using
-blockchain
-analytics
-and
-tracing
-software
-to
-assist
-in
-the
-16
-prevention
-of
-sending
-virtual
-currency
-to
-a
-virtual
-currency
-wallet
-17
-known
-or
-likely
-to
-be
-affiliated
-with
-fraudulent
-activity
-at
-the
-time
-of
-18
-a
-transaction
-and
-to
-detect
-transaction
-patterns
-indicative
-of
-fraud
-or
-19
-other
-illicit
-activities;
-20
-(c)
-Blocking
-transactions
-to
-virtual
-currency
-wallets
-associated
-21
-with
-overseas
-exchanges
-non
--
-accessible
-for
-users
-located
-in
-the
-United
-22
-States;
-23
-(d)
-Not
-accepting
-from
-or
-dispensing
-to
-a
-new
-customer
-an
-amount
-that
-24
-is
-more
-than
-two
-thousand
-dollars
-($2,000)
-in
-United
-States
-currency,
-25
-or
-its
-equivalent
-in
-virtual
-currency,
-during
-any
-twenty
--
-four
-(24)
-hour
-26
-period;
-27
-(e)
-Ensuring
-that
-during
-the
-thirty
-(30)
-calendar
-days
-following
-a
-new
-28
-customer's
-first
-transaction,
-the
-cumulative
-total
-of
-all
-transactions
-29
-with
-an
-operator
-shall
-not
-exceed
-ten
-thousand
-dollars
-($10,000)
-in
-U.S.
-30
-currency
-or
-its
-equivalent
-in
-virtual
-currency;
-and
-31
-(f)
-Implementing
-the
-following
-protections
-for
-new
-customers:
-32
-(i)
-Delaying
-settlement
-of
-a
-new
-customer's
-first
-virtual
-cur
--
-33
-rency
-kiosk
-transaction
-for
-seventy
--
-two
-(72)
-hours;
-and
-34
-(ii)
-Allowing,
-upon
-request,
-for
-the
-full
-refund
-of
-any
-fraudulent
-35
-virtual
-currency
-kiosk
-transaction
-experienced
-by
-a
-new
-customer
-36
-within
-seventy
--
-two
-(72)
-hours
-after
-such
-transaction,
-if
-such
-37
-user:
-38
-1.
-Contacts
-the
-operator
-in
-writing
-to
-provide
-notice
-of
-the
-39
-fraudulent
-nature
-of
-the
-virtual
-currency
-kiosk
-transac
--
-40
-tion;
-and
-41
-2.
-Files
-a
-report
-with
-a
-government
-or
-law
-enforcement
-42
-agency
-memorializing
-the
-fraudulent
-nature
-of
-the
-virtual
-43
-currency
-kiosk
-transaction.
-44
-(2)
-A
-refund
-pursuant
-to
-subsection
-(1)(f)
-this
-section
-shall
-include
-45
-all
-transaction
-fees
-paid
-by
-a
-new
-customer
-at
-the
-time
-of
-the
-transaction
-46
-and
-shall
-occur
-within
-twenty
--
-one
-(21)
-days
-after
-such
-new
-customer
-provides
-47
-notice
-of
-a
-fraudulent
-virtual
-currency
-transaction.
-A
-refund
-pursuant
-to
-48
-this
-section
-shall
-be
-paid
-to
-a
-user
-in
-the
-user's
-originating
-currency.
-49
-
-6
-(3)
-The
-transaction
-limits
-and
-protections
-provided
-for
-in
-this
-sec
--
-1
-tion
-shall
-apply
-to
-all
-virtual
-currency
-transactions
-offered
-by
-an
-opera
--
-2
-tor
-through
-a
-virtual
-currency
-kiosk.
-Operators
-shall
-not
-use
-alternative
-3
-methods,
-including
-but
-not
-limited
-to
-online
-portals,
-affiliated
-kiosks,
-or
-4
-over
--
-the
--
-counter
-transactions,
-to
-evade
-or
-exceed
-the
-limits
-provided
-for
-in
-5
-this
-section.
-6
-(4)
-The
-department
-may
-request
-evidence
-from
-any
-virtual
-currency
-kiosk
-7
-operator
-of
-its
-current
-use
-of
-blockchain
-analytics
-as
-part
-of
-the
-operator's
-8
-registration
-and
-maintenance
-of
-a
-money
-transmitter
-license.
-9
-(5)
-An
-operator
-shall
-provide
-notice
-to
-users
-regarding
-the
-delayed
-10
-settlement
-or
-refund
-provisions
-of
-this
-section,
-including
-contact
-informa
--
-1
-1
-tion
-to
-report
-a
-fraudulent
-transaction
-in
-writing.
-12
-28
--
-5409.
-TRANSACTION
-FEE
-REFUNDS.
-(1)
-Subject
-to
-the
-requirements
-of
-13
-this
-section,
-an
-operator
-shall
-issue
-a
-refund
-of
-all
-transaction
-fees
-paid
-14
-by
-a
-user
-at
-the
-time
-of
-a
-transaction
-if
-such
-user
-experiences
-fraud
-with
-re
--
-15
-spect
-to
-such
-transaction.
-Such
-refund
-shall
-be
-issued
-notwithstanding
-any
-16
-acknowledgment
-that
-a
-user
-may
-have
-made
-prior
-to
-finalizing
-such
-transac
--
-17
-tion.
-18
-(2)
-A
-user
-who
-seeks
-a
-refund
-pursuant
-to
-the
-provisions
-of
-this
-section
-19
-shall:
-20
-(a)
-Have
-engaged
-in
-a
-transaction
-or
-transactions
-involving
-the
-virtual
-21
-currency
-kiosk
-that
-were
-affected
-by
-fraud,
-whether
-authorized
-or
-unau
--
-22
-thorized;
-23
-(b)
-Contact
-the
-virtual
-currency
-kiosk
-operator
-to
-inform
-the
-opera
--
-24
-tor
-of
-the
-fraudulent
-nature
-of
-the
-transaction
-or
-transactions
-at
-issue
-25
-within
-thirty
-(30)
-days
-after
-the
-last
-transaction
-to
-occur
-or
-becoming
-26
-aware
-of
-the
-theft;
-and
-27
-(c)
-Within
-thirty
-(30)
-days
-after
-contacting
-the
-virtual
-kiosk
-opera
--
-28
-tor,
-submit
-a
-police
-report,
-government
-agency
-report,
-or
-a
-sworn
-state
--
-29
-ment
-detailing
-the
-fraudulent
-nature
-of
-the
-transaction
-or
-transactions
-30
-and
-provide
-a
-copy
-to
-the
-virtual
-currency
-kiosk
-operator.
-31
-(3)
-If
-conditions
-for
-refund
-issuance
-pursuant
-to
-this
-section
-are
-met,
-32
-an
-operator
-shall
-issue
-a
-full
-refund
-of
-transaction
-fees
-within
-seventy
--
-two
-33
-(72)
-hours
-after
-receiving
-notice
-from
-a
-user
-and
-receiving
-a
-copy
-of
-the
-po
--
-34
-lice
-report,
-government
-agency
-report,
-or
-sworn
-statement.
-35
-(4)
-A
-refund
-pursuant
-to
-this
-section
-shall
-be
-paid
-to
-a
-user
-in
-the
-36
-user's
-originating
-currency.
-37
-(5)
-The
-refund
-available
-pursuant
-to
-this
-section
-is
-distinct
-from
-the
-38
-refund
-available
-to
-protect
-new
-customers
-pursuant
-to
-section
-28
--
-5408,
-Idaho
-39
-Code,
-and
-such
-refunds
-shall
-be
-exclusive
-of
-each
-other.
-40
-28
--
-5410.
-PENALTIES.
-(1)
-A
-violation
-of
-this
-chapter
-shall
-be
-deemed
-an
-41
-unfair
-and
-deceptive
-practice
-in
-violation
-of
-the
-Idaho
-consumer
-protection
-42
-act,
-chapter
-6,
-title
-48,
-Idaho
-Code.
-43
-(2)
-The
-attorney
-general
-may
-undertake
-any
-and
-all
-actions
-authorized
-44
-by
-the
-Idaho
-consumer
-protection
-act
-to
-investigate
-and
-enforce
-a
-violation
-45
-of
-this
-chapter.
-46
-(3)
-A
-person
-harmed
-by
-a
-violation
-of
-this
-chapter
-may
-initiate
-a
-civil
-47
-action
-and
-may
-seek
-remedies
-pursuant
-to
-section
-48
--
-608,
-Idaho
-Code.
-48
-
-7
-(4)
-In
-addition
-to
-any
-other
-penalties:
-1
-(a)
-An
-operator
-who
-violates
-this
-chapter
-shall
-be
-subject
-to
-revoca
--
-2
-tion
-of
-such
-operator's
-money
-transmitter
-licensure
-pursuant
-to
-the
-3
-provisions
-of
-chapter
-29,
-title
-26,
-Idaho
-Code;
-and
-4
-(b)
-An
-operator
-who
-willfully
-and
-knowingly
-violates
-this
-chapter
-shall
-5
-be
-guilty
-of
-a
-misdemeanor
-and,
-upon
-conviction,
-may
-be
-sentenced
-to
-pay
-6
-a
-fine
-not
-exceeding
-one
-thousand
-dollars
-($1,000).
-7
-28
--
-5411.
-INFORMATION
--
-SHARING
-RELATED
-TO
-VIRTUAL
-CURRENCY
-KIOSK
-8
-FRAUD.
-(1)
-Notwithstanding
-any
-provision
-of
-law
-to
-the
-contrary,
-upon
-rea
--
-9
-sonable
-suspicion
-of
-fraud
-or
-financial
-exploitation
-involving
-a
-virtual
-10
-currency
-kiosk
-transaction,
-the
-department,
-the
-attorney
-general,
-any
-state
-1
-1
-or
-local
-law
-enforcement
-agency,
-the
-Idaho
-commission
-on
-aging,
-or
-an
-adult
-12
-protective
-services
-provider
-may
-share
-relevant
-information
-relating
-to
-13
-such
-suspicion
-for
-the
-purposes
-of
-investigation,
-enforcement,
-or
-consumer
-14
-protection.
-15
-(2)
-If
-the
-department
-is
-conducting
-an
-investigation
-or
-becomes
-aware
-16
-of
-an
-ongoing
-investigation
-involving
-suspected
-fraud
-or
-financial
-ex
--
-17
-ploitation
-related
-to
-a
-virtual
-currency
-kiosk
-transaction,
-the
-department
-18
-shall
-share
-relevant
-information
-with
-the
-attorney
-general
-and
-any
-state
-or
-19
-local
-law
-enforcement
-agency
-with
-jurisdiction
-and
-with
-the
-Idaho
-commission
-20
-on
-aging
-or
-an
-adult
-protective
-services
-provider
-when
-the
-affected
-individ
--
-21
-ual
-is
-a
-potentially
-vulnerable
-older
-adult.
-22
-(3)
-Information
-shared
-pursuant
-to
-this
-section
-that
-is
-confidential
-or
-23
-exempt
-from
-disclosure
-under
-chapter
-1,
-title
-74,
-Idaho
-Code,
-shall
-retain
-24
-its
-confidential
-status
-and
-shall
-not
-be
-subject
-to
-public
-disclosure
-except
-25
-as
-otherwise
-authorized
-by
-law.
-26
-(4)
-Any
-agency,
-political
-subdivision,
-or
-employee
-thereof
-who
-acts
-in
-27
-good
-faith
-when
-sharing
-information
-pursuant
-to
-this
-section
-shall
-be
-immune
-28
-from
-any
-civil
-or
-criminal
-liability
-arising
-from
-the
-sharing
-of
-such
-infor
--
-29
-mation.
-30
-SECTION
-2.
-An
-emergency
-existing
-therefor,
-which
-emergency
-is
-hereby
-31
-declared
-to
-exist,
-this
-act
-shall
-be
-in
-full
-force
-and
-effect
-on
-and
-after
-32
-July
-1,
-2026.
-33
+SOP/FN
+INTRODUCED:
+02/20/2026,
+8:54
+AM

Diffs are computed deterministically from extracted bill text and show additions, deletions, and section moves. Scanned-PDF text extracted via OCR is flagged where confidence is low; see methodology.