The bill establishes regulations for digital financial asset transaction kiosks in Iowa, defining key terms such as "digital financial asset," "operator," and "licensed digital financial asset exchange." It sets a limit on daily transactions, prohibiting operators from accepting or dispensing more than $1,000 per consumer per calendar day. Additionally, operators are restricted from charging consumers fees that exceed either $5 or 15% of the asset's value based on the market price at the time of the transaction. Operators must also provide clear written disclosures to consumers before transactions, detailing the asset's dollar amount, any applicable charges, and warnings about the finality of transactions and potential fraud.

Furthermore, the bill mandates that operators issue receipts for transactions, which must include specific information such as the consumer's name, transaction details, and the operator's contact information. Operators are required to maintain a list of kiosk locations and provide updates to the division of banking, which will make this information publicly accessible. They must also ensure compliance with licensing requirements for any third parties facilitating transactions, offer live customer service, utilize blockchain analytics to prevent fraud, and maintain dedicated communication channels for law enforcement and regulatory agencies.