Crypto Law Profile
Maine law regulating virtual currency kiosks through money transmitter licensing, kiosk location disclosure, fee and transaction caps, risk disclosures, records, cybersecurity rules, and fraud-refund procedures.
The Maine Virtual Currency Kiosk Act, enacted through LD 1339 / SP 553 as Public Law 2025, chapter 285, is Maine’s state framework for virtual currency kiosks. As of June 9, 2026, it is effective: the Governor signed the emergency measure on June 12, 2025, and the statute’s emergency clause made it operative when approved. The act is codified in Title 32, chapter 80, subchapter 4, sections 6163 through 6170-B. The official short citation is “the Maine Virtual Currency Kiosk Act,” though it is often described in practical terms as a registration or licensing law for crypto kiosks.
The act covers an automated, unstaffed electronic machine that can facilitate value transfer to a blockchain public key, including transactions to buy virtual currency with fiat currency or sell virtual currency for fiat currency. A “virtual currency kiosk operator” is a person that owns, operates, or manages such a kiosk located in Maine through which virtual currency business activity is offered.
The central regulatory hook is licensing. A kiosk operator must be licensed as a money transmitter under the Maine Money Transmission Modernization Act unless a statutory exemption applies. Operators must also provide the Bureau with the physical locations of kiosks operating in Maine. The act incorporates implementation, administrative, and enforcement provisions from Maine’s money transmitter statutes, giving the state a supervisory path through the existing nonbank money transmission regime.
The law places direct limits on consumer-facing kiosk activity. A virtual currency kiosk operator may not accept or dispense more than $1,000 in a day from or to a customer through the operator’s kiosk. Charges connected to a single kiosk transaction are capped at the greater of $5 or 3% of the U.S. dollar value of the transaction.
At the customer’s option, operators must provide a paper or electronic receipt. The required receipt content includes customer identity, date and time, the operator’s name and license number, fiat and virtual currency amounts, fees charged, transaction hash, public destination address, and exchange rate.
Before entering a kiosk transaction, the operator must make clear, conspicuous, and readable disclosures of material risks generally associated with virtual currency kiosk transactions. The statute specifically references fraud or loss risk and exchange rates charged for the purchase or sale of virtual currency.
The act also creates a refund process for qualifying fraud-related or unfair, deceptive, or abusive transactions. The refund obligation applies to the full amount of transactions made within 90 days of a customer’s first kiosk transaction with that operator, including transaction charges, when the customer satisfies the statute’s reporting and sworn-statement conditions. Any waiver of customer rights under the subchapter is void.
Operators must retain all transaction records for at least three years. The statute lists customer name, address, date of birth and driver’s license number, video or other transaction recordings, and any biometric data collected. This makes the act both a consumer-protection law and a data-handling framework for kiosk operators.
The administrator must adopt rules specifying how virtual currency kiosk operators implement and maintain an information security program. Those rules must be consistent with the federal Gramm-Leach-Bliley Act and applicable Federal Trade Commission implementing regulations. The act classifies the rules as routine technical rules under Maine administrative procedure.
LD 1339 was sponsored by Sen. Glenn “Chip” Curry and referred to the Joint Standing Committee on Health Coverage, Insurance and Financial Services. It was enacted as Public Law 2025, chapter 285 and became effective June 12, 2025. The law also required the Superintendent of Consumer Credit Protection to submit, by February 1, 2026, a report with findings and recommendations on protection of kiosk customers from fraudulent activity. Editors should review any later report, rulemaking, or amendments separately from this base profile.
Defines covered virtual currency kiosks, operators, transaction hashes, blockchain, and kiosk transactions involving fiat-to-virtual-currency exchange.
Requires a virtual currency kiosk operator to be licensed as a Maine money transmitter unless an exemption applies.
Requires operators to provide the Bureau with the physical locations of their kiosks operating in Maine.
Requires at least 3 years of transaction records and pre-transaction disclosure of material risks, including fraud, loss, and exchange-rate risks.
Sets a $1,000 daily per-customer limit, caps charges at greater of $5 or 3%, and requires optional paper or electronic receipts with transaction details.
Creates a refund process for qualifying fraud or UDAAP-induced transactions and voids any waiver of customer rights under the subchapter.
Requires rules for operator information-security programs consistent with GLBA and applicable FTC implementing regulations.
LD 1339 was received by the Senate and referred to Health Coverage, Insurance and Financial Services.
Senate accepted the committee report, adopted Amendment S-300, and engrossed the bill as amended.
House passed LD 1339 to be enacted as an emergency measure.
Senate passed LD 1339 to be enacted as an emergency measure, in concurrence.
Governor signed Public Law 2025, c. 285; emergency clause made the act effective when approved.
Superintendent report on kiosk customer fraud protections was due to the HCIFS committee.
Maine Bureau of Consumer Credit Protection, Maine Department of Professional and Financial Regulation, Maine Legislature, Virtual currency kiosk operators
Virtual currency
Official short title is “the Maine Virtual Currency Kiosk Act.” The user-supplied “Virtual Currency Kiosk Registration Act” is treated as a descriptive label for the licensing and location-disclosure regime in PL 2025, c. 285.
