Virtual currency kiosks — the ATM-like machines found in gas stations, convenience stores, and grocery stores that allow customers to buy and sell cryptocurrency with cash — have drawn the attention of state legislatures across the country. Lawmakers in nearly 30 states have introduced or passed crypto kiosk regulations in recent years. The emerging framework across most states centers on a common set of requirements: mandatory fraud warning disclosures, daily transaction limits, refund rights for fraud victims, blockchain analytics to screen for known bad actors, licensing under existing money transmission laws, and location reporting to state regulators. A small number of states have…