Assembly Bill 384 establishes regulations for virtual currency kiosks in Wisconsin, requiring operators to be licensed as money transmitters. The bill defines a virtual currency kiosk as an electronic terminal or retail location where users can exchange fiat currency for virtual currency or vice versa. It mandates that operators display a printed warning about potential fraud prominently on the kiosk and require customers to acknowledge this warning before proceeding with transactions. Additionally, the bill imposes customer identification requirements, including collecting personal information and verifying identities through government-issued identification and photographs.

The legislation also sets transaction limits, capping daily exchanges at $1,000 per customer and restricting fees to either $5 or 3% of the transaction amount, whichever is greater. Furthermore, it stipulates that operators must issue refunds for transactions that were fraudulently induced, provided the customer reports the incident within 30 days. Overall, the bill aims to enhance consumer protection and regulatory oversight in the growing field of virtual currency transactions.