Maryland § 12-1203

§ 12-1203.

    (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.