{"data":{"id":"us-md/md.-code-financial-institutions-12-1204","jurisdiction":"us-md","citation":"Md. Code, Financial Institutions § 12–1204","heading":"","body":"(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:\n(1) For a new user, $2,000; or\n(2) For an experienced user, $10,500.\n(b) A virtual currency kiosk operator:\n(1) May not impose a fee in excess of the greater of:\n(i) $5; or\n(ii) 15% of the amount of a virtual currency service transaction; and\n(2) Shall refund any fee imposed on a transaction that is verified as fraudulent in a manner established by the Commissioner through regulation.\n(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:\n(1) Name;\n(2) Date of birth;\n(3) Mailing address;\n(4) Electronic mail address;\n(5) Phone number; and\n(6) A copy of the person’s government–issued identification.\n(d) At the end of a virtual currency transaction, the virtual currency kiosk operator shall dispense or display a receipt that includes:\n(1) The type of virtual currency sold or purchased;\n(2) The value of the virtual currency sold or purchased, including the requisite exchange rate for the virtual currency;\n(3) The date and time of the transaction;\n(4) Identifying information for the virtual currency kiosk;\n(5) The toll–free number for customer support; and\n(6) Any other information that the Commissioner requires through regulation.","path":["Article - Financial Institutions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gfi\u0026section=12-1204","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:58:27Z","sha256":"a17deded05d0ca0db5847ab299c4dcd67df121f9f31755f2a8e0f70c7204fee0","source_id":"us-md","stale":false,"prev":"us-md/md.-code-financial-institutions-12-1203","next":"us-md/md.-code-financial-institutions-12-1205"},"notice":"GroundRules: Original legal text. Not legal advice."}