§ 12-1203

Maryland § 12-1203

• Jurisdiction: Maryland
• Article gfi: Financial Institutions
• Title: 12

Text

(a) Beginning January 1, 2026, a virtual currency kiosk operator shall register a virtual currency kiosk with the Commissioner before operating the virtual currency kiosk in the State.

(b) An application for registration shall include:

(1) The name of the virtual currency kiosk operator;

(2) The address of the virtual currency kiosk operator;

(3) Unique identifying information for the virtual currency kiosk, such as the manufacturer name, model number, serial number, or asset tag;

(4) If the virtual currency kiosk operator intends to operate the virtual currency kiosk from any fixed location for more than 30 days in a calendar year, each physical address where the virtual currency kiosk will be operated;

(5) If the virtual currency kiosk operator intends to operate the virtual currency kiosk at any location for 30 days or less in a calendar year, the geographic area where the licensee intends to operate the virtual currency kiosk; and

(6) Any other information that the Commissioner requires by regulation.

(c) A virtual currency kiosk operator:

(1) Shall renew the registration on an annual basis; and

(2) May be required to pay a fee at the time of renewal.

(d) The Commissioner may adopt and enforce:

(1) Registration procedures for virtual currency kiosks, which may include the use of NMLS;

(2) Registration fees for virtual currency kiosks, which may include fees for the use of NMLS, to be paid directly by the virtual currency kiosk operator;

(3) Procedures and fees for renewing a virtual currency kiosk’s registration, which may include fees for the renewed use of NMLS, to be paid directly by the virtual currency kiosk operator;

(4) Regulations regarding the lighting and safety of virtual currency kiosk locations; and

(5) Regulations regarding appropriate signage to clearly identify a kiosk as a virtual currency kiosk.