(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 § 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.
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