Crypto Law Profile
Connecticut’s §36a-613 sets crypto ATM protections, including disclosures, receipts, fee and transaction caps, fraud-refund rights, ID checks, wallet screening and senior-customer calls.
Connecticut’s Digital Currency Kiosk Consumer Protection Regime is the state-law framework for virtual currency kiosks, commonly called crypto ATMs, codified principally in Conn. Gen. Stat. § 36a-613. As of June 9, 2026, the regime is effective. It originated in Public Act 23-82, whose virtual currency kiosk provisions took effect on Oct. 1, 2023, and was later amended by Public Act 24-146 and Public Act 25-66. The latest amendments are operative from Oct. 1, 2025.
The regime sits inside Connecticut’s Money Transmission Act. The current statutory definitions include money transmission by virtual currency kiosk or digital wallet, define “virtual currency” broadly, and define a virtual currency kiosk as an electronic terminal that facilitates the exchange of virtual currency for fiat currency or other virtual currency. The statute also defines new and existing customers for purposes of the daily kiosk transaction limits.
Public Act 25-66 broadened several duties beyond kiosk operators. The current text applies disclosure and receipt duties to each licensee that receives, transmits, stores, or maintains custody or control of virtual currency, while keeping separate kiosk-specific obligations where a transaction uses a physical terminal.
Connecticut’s statute adds telephone-intervention requirements for certain higher-risk kiosk interactions. A kiosk owner or operator must speak with a new customer over 60 before that customer completes a first transaction. It must also speak with a new customer attempting a transaction above a predesignated large-transaction amount. The calls must be recorded and retained, and the operator’s approval depends on its assessment of the communication.
Public Act 25-66 also added restrictions on how licensees handle customer virtual currency. A licensee may not sell, transfer, lend, pledge, or otherwise use or encumber customer-controlled virtual currency except at the customer’s direction. A licensee also may not use another person, including a virtual currency control services vendor, to store or hold customer virtual currency unless the person is licensed, is a qualifying bank or credit union, or has Banking Commissioner approval.
The Connecticut Department of Banking remains the primary state regulator. In March 2026, the department announced an enforcement matter alleging violations of several § 36a-613 requirements, including fee caps, transaction limits, receipt content, senior-customer calls, refund obligations, disclosures, and policies and procedures. That enforcement item is included here as status context, not as legal advice or a compliance conclusion.
The framework covers virtual currency kiosks and, after PA 25-66, virtual-currency money transmission through digital wallets and related custody or control.
Licensees must give clear pre-account and pre-transaction disclosures covering risks, terms, fees, exchange rates, reversibility warnings and kiosk limits.
Receipts must include customer and transaction data, transaction hash or ID, wallet details, fees, exchange rate, taxes, refund policy and DOB contact information.
Kiosk fees and commissions are capped at 15%; daily transaction limits are $2,000 for new customers and $5,000 for existing customers.
A new customer may request a full refund for qualifying fraudulent kiosk transactions within the first 72 hours if notice and reporting conditions are met.
Owners and operators must collect ID, restrict shared wallets, screen high-risk wallets, provide live phone support and conduct calls for senior and large transactions.
Licensees may not use or encumber customer virtual currency except at the customer’s direction and may use only qualified or approved custody providers.
Connecticut enacted the Digital Assets Act, creating virtual currency kiosk licensing, disclosure and receipt requirements.
The original virtual currency kiosk provisions under PA 23-82 became operative.
Connecticut enacted virtual-currency and money-transmission amendments for fees, refunds, limits, receipts and controls.
The 2024 amendments became operative, including fee, transaction-limit, refund and kiosk-control changes.
The latest money-transmission and virtual-currency amendments were signed by the Governor.
The 2025 amendments became operative, extending disclosure and receipt duties and adding custody restrictions.
The Department of Banking announced an enforcement order alleging violations of §36a-613 by a kiosk operator.
Connecticut Banking Commissioner, Connecticut Department of Banking
Digital assets, Virtual currency
Profile covers the operative Connecticut virtual currency kiosk regime codified in Conn. Gen. Stat. § 36a-613 and related amendments. It is not legal advice.
