IdahoIdaho kiosk operators would follow new licensing and fraud rules
Virtual currency kiosk operators in Idaho would need a money transmitter license and would have to follow rules for fraud checks, customer warnings, and refunds.
What it does
Operators must hold a money transmitter license to handle Idaho kiosk transactions. The chapter covers kiosk transactions, not online or over-the-counter transactions.
Operators must track kiosk activity, customer complaints, refunds, and other business information, then provide records to the state when requested.
Before users transact, operators must explain fees, exchange rates, and risks, including scam warnings. They must also provide receipts and live phone support.
Operators must check for fraud, cap new-customer transactions, and hold a first transaction for 72 hours. Customers who meet reporting rules can get refunds for qualifying fraud.
Argument forCustomers who meet the reporting rules may recover transaction fees after fraud, and new customers may get a full refund for a qualifying fraudulent transaction.
Argument againstNew customers could lose access to quick transactions because of spending caps and a 72-hour delay, even when their purchase is legitimate.
More detail
Operators must be licensed money transmitters and follow rules for Idaho kiosk transactions. These rules cover transactions made through virtual currency kiosks in Idaho; online and over-the-counter transactions are excluded.
Operators must keep and provide transaction reports and records to the Idaho Department of Finance. The duties apply to operators of virtual currency kiosks in Idaho. Requested quarterly reports and records must be provided within three business days; requested transaction and user information must be provided within ten business days. Annual reports are due by March 31 and cover the prior year. Annual reports covering the prior year are due by March 31. Operators have three business days to provide requested reports and records, and ten business days to provide requested transaction or user information.
Operators must warn users about risks and give transaction receipts and live customer support. These duties apply to operators serving users at Idaho virtual currency kiosks. Warnings and disclosures must be clear and readable in the user's chosen language. Live support must be available by toll-free phone seven days a week, at least 8 a.m. to 8 p.m. local time; after-hours questions must receive a response the next business day. Operators must provide a receipt when each kiosk transaction ends. Live phone support is required seven days a week, from at least 8 a.m. to 8 p.m. local time.
Operators must use fraud safeguards, limit some new-customer transactions, delay a first transaction, and provide qualifying refunds. These protections apply to transactions through an operator's kiosk and its affiliated kiosks. A new customer is a user making a first transaction or transacting again within 72 hours of the first. During any 24-hour period, a new customer may not send or receive more than $2,000; the total across an operator and its affiliated kiosks may not exceed $10,000 during the 30 days after the first transaction. A new customer's first transaction must be held for 72 hours. A full refund, including fees, is available on request for a fraudulent transaction within 72 hours if the user gives written notice and files a report with a government or law enforcement agency. For other fraud-related fee refunds, the user must contact the operator within 30 days after the last transaction or learning of the theft, then provide a police report, government report, or sworn statement within 30 days of contacting the operator. The $10,000 limit applies during the 30 calendar days after a new customer's first transaction. Qualifying new-customer refunds must be paid within ten business days after notice.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Apr 2Returned from Governor Brad Little vetoed on 04/28/26Latest
- Apr 1Reported delivered to Governor at 6:50 p.m. on 04/01/26To Governor
- Vote recorded Rules Suspended: Ayes 69 Nays 0 Abs/Excd 1, read in full as required –. Result: pass.Lower
- Apr 1Reported signed by the Speaker & ordered delivered to GovernorMinor
- Apr 1Received from Senate; Signed by Speaker; Returned to SenateMajor
- Apr 1Reported enrolled; signed by President; to House for signature of SpeakerMajor
- Apr 1Returned From House Passed; referred to enrollingMinor
- Apr 1Rules Suspended: Ayes 69 Nays 0 Abs/Excd 1, read in full as required – PASSED - 39-30-1AYES – Berch, Bingham, Boyle, Cheatum, Cornilles, Crane(12), Crane(13), Egbert(Beazer), Erickson, Fuhriman, Furniss, Galaviz, Gannon, Green, Hall(Stone), Handy, Haws, Healey, Hill(Hill), Holtzclaw, Manwaring, Mathias, McCann, Mickelsen, Miller, Nelsen, Palmer, Petzke, Pickett, Pohanka, Raybould, Raymond, Rubel, Sauter, Shirts(Batt), Vander Woude, Veile, Weber, Mr. SpeakerNAYS – Alfieri, Barbieri, Beiswenger, Bruce, Burgoyne, Cannon(Cannon), Cayler, Church, Dygert, Ehardt, Ehlers, Garner, Harris, Hawkins, Hostetler, Leavitt, Marmon, Mendive, Mitchell, Monks, Price, Rasor, Redman, Scott, Shepherd, Skaug, Tanner(13), Tanner(14), Thompson, WisniewskiAbsent – WheelerFloor Sponsor - ManwaringTitle apvd - to SenatePassed 2nd Chamber
- Apr 1Read second time; Filed for Third ReadingMinor
- Mar 31Reported out of Committee with Do Pass Recommendation, Filed for Second ReadingMinor
- Mar 19Read First Time, Referred to BusinessMinor
- Vote recorded Read third time in full as amended –. Result: pass.Upper
- Mar 19Received from the Senate, Filed for First Reading
- Mar 19Read third time in full as amended – PASSED - 19-16-0AYES – Adams, Bernt, Burtenshaw, Cook, Den Hartog, Foreman, Galloway, Guthrie, Harris, Keyser, Lenney, Lent, Rabe, Ruchti, Semmelroth, Taylor, VanOrden, Ward-Engelking, WintrowNAYS – Anthon, Bjerke(Bjerke), Blaylock, Carlson, Grow, Hart, Kohl, Lakey, Nichols, Okuniewicz, Ricks, Shippy, Toews, Woodward, Zito, ZuiderveldAbsent and excused – NoneFloor Sponsor - RuchtiTitle apvd - to HousePassed 1st Chamber
- Mar 17Read second time as amended, filed for Third readingMinor
- Mar 16Read first time as amended, filed for Second Reading
- Mar 16Reported engrossed, filed for first reading, as amended
- Mar 16Amendments reported printed
- Mar 13Amendments ordered printed; referred for engrossment
- Mar 13Reported out without recommendation, as amended
- Mar 13Placed in the Committee of the Whole
- Mar 11Referred to 14th Order for amendment
- Mar 10Read second time; filed for Third ReadingMinor
- Mar 9Reported out of Committee with Do Pass Recommendation; Filed for second readingMinor
- Mar 3Reported Printed; referred to State Affairs
- Mar 2Introduced; read first time; referred to JR for PrintingIntroduced
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