United States of America: Bill amending Financial Code to include Digital Financial Asset Transaction Kiosks including requirement for operators to provide customers with disclosures entered into force

On 1 January 2025, the Bill amending the Financial Code to include Digital Financial Asset Transaction Kiosks entered into force for operators of digital financial asset kiosks to provide customers with clear, written pre-transaction disclosures in English and the primary language used in advertising. These disclosures must include the amount of digital assets involved, the USD value of any fees, the USD price charged to the customer and the market price from a licensed exchange and a warning if transactions are non-refundable. Additionally, operators must issue receipts detailing the customer’s name, transaction date and time, operator name, asset and USD amounts, fees, any price spread, and the name of the exchange used to calculate the spread.