The bill establishes regulations for digital financial asset transaction kiosks in Iowa, introducing a new section (533C.1004) that defines key terms such as "digital financial asset," "operator," and "consumer." It sets limits on daily transactions, capping the amount an operator can accept or dispense to a consumer at $1,000 per day, and $10,000 within the first thirty days for new consumers. Additionally, it restricts the charges that operators can collect from consumers to either $5 or 15% of the transaction value, whichever is greater. Operators are required to provide clear disclosures to consumers before transactions, including potential charges and warnings against fraud, and must issue receipts detailing transaction specifics.

The bill also outlines the responsibilities of operators, including maintaining customer service, implementing compliance and fraud prevention policies, and designating a compliance officer. It grants the attorney general the authority to enforce compliance and impose civil penalties for violations. The act is set to take effect immediately upon enactment, with applicability starting on July 1, 2025.