This bill enacts several new provisions related to virtual currency kiosks in Louisiana, including definitions, transaction limits, and operational requirements. It defines terms such as "fiat currency," "virtual currency kiosk," and "virtual currency kiosk operator," and establishes that any person involved in the operation or facilitation of a virtual currency kiosk is engaged in virtual currency business activity and must comply with relevant licensing laws. The bill sets a maximum daily transaction limit of $3,000 per user and mandates that kiosk operators must allow users to cancel transactions within 72 hours for a full refund.

Additionally, the bill requires kiosk operators to implement specific policies aimed at preventing fraud and ensuring due diligence. Operators must use blockchain analytics software to prevent transactions linked to fraudulent activities and establish a written anti-fraud policy that includes risk assessment and monitoring procedures. Furthermore, operators are required to maintain an Enhanced Due Diligence Policy that identifies individuals at risk of fraud, particularly those vulnerable due to age or mental capacity. The bill also mandates clear warnings on kiosks to inform users about potential scams.