Senate Bill No. 1083 establishes new regulations for digital asset kiosks in Oklahoma, requiring operators to be licensed as money transmitters under the Oklahoma Financial Transaction Reporting Act. The bill defines key terms related to digital assets, including "digital asset kiosk," "digital asset transaction," and "new customer." It mandates that kiosk operators provide clear disclosures about the risks associated with digital asset transactions, including a warning about potential fraud. Additionally, operators must submit quarterly reports on kiosk locations and are prohibited from conducting transactions exceeding $2,000 for new customers in a single day.

The bill also outlines penalties for non-compliance, including fines and potential imprisonment for operators who engage in transactions without proper licensing. It requires operators to implement anti-fraud measures, designate a compliance officer, and provide live customer service during specified hours. Furthermore, it stipulates that customers who are fraudulently induced into transactions may seek refunds for losses incurred. The Banking Department is authorized to create rules to enforce these provisions, with the act set to take effect on November 1, 2025.