Assembly Bill 968 establishes regulatory requirements for virtual currency kiosks in Wisconsin, mandating that operators obtain a license 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 introduces several consumer protection measures, including a printed and electronic fraud warning that customers must acknowledge before proceeding with transactions. Additionally, operators are required to verify customer identities by collecting personal information and taking photographs during transactions.

The bill also imposes transaction limits, capping daily exchanges at $500 per customer and restricting fees to either $5 or 3% of the transaction amount. Refunds must be issued for fraudulent transactions reported within 30 days. Furthermore, operators must provide customer service during operational hours, display a toll-free number for assistance, and issue detailed receipts for each transaction. The legislation aims to enhance consumer protection and prevent fraud in the growing market of virtual currency transactions.