This bill establishes regulations for digital financial asset transaction kiosks in Iowa. It defines key terms such as "digital financial asset," "digital financial asset transaction kiosk," and "operator." The bill stipulates that operators cannot accept or dispense more than $1,000 per consumer per calendar day through these kiosks. Additionally, operators are prohibited from collecting charges that exceed either $5 or 15% of the U.S. currency equivalent of the digital financial assets involved in a transaction.

Operators are required to provide consumers with clear written disclosures before transactions, detailing the dollar amount of the digital financial asset, any applicable charges, and a warning if no reversal or refund process is available. Receipts must also be provided for each transaction, containing specific information about the transaction and the operator. Furthermore, operators must maintain a list of all kiosk locations and update this list with the division of banking within 30 days of any changes. If an operator allows another person to conduct transactions via their kiosk, they must ensure that the person is licensed and complies with the bill's provisions.