Maryland § 12-1204

§ 12-1204.

    (a)    A virtual currency kiosk operator shall ensure that the virtual currency kiosk does not, in connection with virtual currency services for a single person in the State using one or more virtual currency kiosks, accept or dispense in a single day an amount of cash, including value downloaded through prepaid access, as defined in § 12–401 of this title, or the equivalent in credit that exceeds:

        (1)    For a new user, $2,000; or

        (2)    For an experienced user, $10,500.

    (b)    A virtual currency kiosk operator:

        (1)    May not impose a fee in excess of the greater of:

            (i)    $5; or

            (ii)    15% of the amount of a virtual currency service transaction; and

        (2)    Shall refund any fee imposed on a transaction that is verified as fraudulent in a manner established by the Commissioner through regulation.

    (c)    A virtual currency kiosk operator shall collect the following information from a person before accepting cash or credit in connection with a virtual currency service from the person:

        (1)    Name;

        (2)    Date of birth;

        (3)    Mailing address;

        (4)    Electronic mail address;

        (5)    Phone number; and

        (6)    A copy of the person’s government–issued identification.

    (d)    At the end of a virtual currency transaction, the virtual currency kiosk operator shall dispense or display a receipt that includes:

        (1)    The type of virtual currency sold or purchased;

        (2)    The value of the virtual currency sold or purchased, including the requisite exchange rate for the virtual currency;

        (3)    The date and time of the transaction;

        (4)    Identifying information for the virtual currency kiosk;

        (5)    The toll–free number for customer support; and

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