This bill establishes a new chapter, Chapter 358-U, in the New Hampshire Revised Statutes to provide consumer protections for digital asset transaction kiosks. The legislation aims to address the growing concern of scams targeting consumers, particularly older adults, who may be misled into converting cash into digital assets and transferring them to criminals. Key provisions include a mandatory 48-hour hold on the first transaction for new customers, identity verification requirements, and restrictions on transactions under false identities. Additionally, operators must maintain a dedicated communication line for law enforcement and regulatory agencies to report fraud.

The bill also outlines core consumer protections, such as limiting the total amount a customer can transact to $2,000 per day, displaying conspicuous warnings about potential fraud, and using blockchain analytics to block transactions associated with illicit activities. Operators are required to disclose all fees and provide detailed transaction receipts, including a refund policy for customers who are fraudulently induced into transactions. Violations of this chapter are classified as unfair or deceptive acts, allowing for enforcement under existing consumer protection laws. The act is set to take effect 180 days after its passage.