This bill enacts several new provisions related to virtual currency kiosks in Louisiana, including definitions, transaction limits, and operational requirements. It introduces definitions for terms such as "fiat currency," "virtual currency kiosk," "virtual currency kiosk operator," and "virtual currency kiosk transaction." The bill establishes a maximum daily transaction limit of $3,000 for users of these kiosks and mandates that operators must wait 72 hours before processing transactions or allow users to cancel and receive a full refund within that timeframe. Additionally, operators are required to post a warning notice on each kiosk regarding potential fraud.

Furthermore, the bill mandates the use of blockchain analytics software by virtual currency kiosk operators to prevent fraudulent transactions and requires the establishment of an anti-fraud policy that includes risk assessment and monitoring procedures. It also calls for an Enhanced Due Diligence Policy to be implemented by operators, focusing on individuals at risk of fraud due to age or mental capacity. These measures aim to enhance consumer protection and ensure responsible operation of virtual currency kiosks in the state.