House Bill No. by Representative Wright aims to regulate virtual currency kiosks in Louisiana by enacting several new provisions under R.S. 6. The bill introduces definitions for key terms such as "fiat currency," "virtual currency kiosk," "virtual currency kiosk operator," and "virtual currency kiosk transaction." It establishes that any individual or entity involved in the operation or facilitation of a virtual currency kiosk will be considered engaged in virtual currency business activity and must comply with relevant licensing requirements.

Additionally, the bill sets a maximum daily transaction limit of $3,000 for users of virtual currency kiosks and mandates that kiosk operators either wait 72 hours before processing a transaction or allow users to cancel and receive a full refund within that timeframe. Furthermore, it requires kiosk operators to display a warning notice in a prominent manner, advising users to be cautious of potential fraud. The Louisiana State Law Institute is tasked with alphabetizing and renumbering the definitions in the law to ensure clarity and consistency.