# Maryland SB 0305: Financial Institutions and Activities - Virtual Currency Kiosks - Registration and Regulation

Maryland SB 0305, Financial Institutions and Activities - Virtual Currency Kiosks - Registration and Regulation, is a 2025 Regular Session Senate bill sponsored by Pamela Beidle (Democratic); status signed, last action 2025-04-22 (Approved by the Governor - Chapter 117); PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/MD-SB0305-2025RS
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 0305
- State: Maryland
- Session: 2025 Regular Session
- Title: Financial Institutions and Activities - Virtual Currency Kiosks - Registration and Regulation
- Status: signed
- Chamber: Senate
- Introduced: 2025-01-13
- Last action: 2025-04-22, Approved by the Governor - Chapter 117
- Sponsor: Pamela Beidle (Democratic)
- Cosponsors: 1
- Subjects: Financial Institutions, Commercial Law - Consumer Protection, Civil Offenses, Credit, Cryptocurrency, Digital Products -see also- Digital Images, Disclosure, Electronic Commerce -see also- Electronic Funds Transfer, Electronic Funds Transfer, Electronic Government, Equipment -see also- Charging; Med. Equip.; MV Equip; etc., Fees -see also- Attys' Fees; Devt Fees & Taxes, Financial Institutions -see also- Banks; Credit Unions; etc., Financial Regulation, Division of, Fines -see also- Penalties and Sentences, Forms, Fraud -see also- Forgery, Goods and Services -see also- Retail Sales; TermnSvc; TrfGds, Identification -see also- Biometrics; Fingerprinting; DrLics, Investigations and Inquiries -see also- Crim Bckgrnd Invest, Penalties and Sentences -see also- Death Penalty, Registration -see also- Motor Vehicle Registration, Rules and Regulations, Safety -see also- Occupational Safety, Signs and Billboards, Telephones, Time, Transfer of Goods -see also- Goods&Svc; Leas&Rnt; RetailSale
- Touches household money: yes
- Roll calls: 2 (171 yes, 14 no in all)
- Economic provisions PRIA read: 5

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Clearer warnings and support for kiosk customers: benefit, low. Beginning July 1, 2025, Maryland kiosks must show clear disclosures before every transaction. These cover risks, scams, fees, operator contacts, exchange rates, lack of government backing, and limits on recovering fraud losses. Customers must accept each disclosure; the Commissioner must set minimu…
- Fee caps and refunds for kiosk customers: benefit, low. Beginning July 1, 2025, Maryland virtual currency kiosk fees cannot exceed the greater of $5 or 15% of each transaction. Operators must refund the fee when a transaction is verified as fraudulent under procedures set by the Commissioner of Financial Regulation. This refund requirement covers the fe…
- State oversight protects Maryland kiosk customers: benefit, low. Beginning July 1, 2025, Maryland’s Commissioner of Financial Regulation can investigate and enforce virtual currency kiosk rules. Operators face civil fines up to $1,000 for each knowing and willful violation; each day counts separately. These fines apply to operators, not customers. The Commission…
- Daily limits and identity checks for customers: cost, medium. Beginning July 1, 2025, Maryland kiosk operators face daily limits on cash, prepaid-access value, or equivalent credit accepted or dispensed. Across an operator’s kiosks, the daily limit per person is $2,000 for new users and $10,500 for experienced users. New users include first-time customers and…
- Registration and service limits for kiosk operators: cost, low. Beginning January 1, 2026, owners and operators must register each Maryland virtual currency kiosk before operating it and renew annually. Applications must identify the operator and kiosk, including its manufacturer, model, and serial number or asset tag. Fixed locations used more than 30 days per…

## Sponsors and cosponsors

- Sponsor: Pamela Beidle (Democratic), Senate
- Cosponsor: Shelly Hettleman (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-02 | House | Third Reading Passed | pass | 124 | 14 | 1 |
| 2025-03-12 | Senate | Third Reading Passed | pass | 47 | 0 |   |

## Actions (15)

- 2025-04-22: Approved by the Governor - Chapter 117
- 2025-04-03: Returned Passed (Senate)
- 2025-04-02: Third Reading Passed (124-14) (House)
- 2025-04-02: Favorable Adopted Second Reading Passed (House)
- 2025-04-01: Favorable Report by Economic Matters (House)
- 2025-03-21: Hearing 3/27 at 1:00 p.m. (House)
- 2025-03-21: Hearing canceled (House)
- 2025-03-19: Hearing 3/25 at 1:00 p.m. (House)
- 2025-03-14: Referred Economic Matters (House)
- 2025-03-12: Third Reading Passed (47-0) (Senate)
- 2025-03-11: Second Reading Passed with Amendments (Senate)
- 2025-03-11: Favorable with Amendments {703124/1 Adopted (Senate)
- 2025-03-10: Favorable with Amendments Report by Finance (Senate)
- 2025-01-22: Hearing 2/06 at 1:00 p.m. (Senate)
- 2025-01-13: First Reading Finance (Senate)

## Bill text

- Enacted, 2025-04-22: [PDF](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_117_sb0305t.pdf)
- Third Reading, 2025-03-11: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0305t.pdf)
- First Reading, 2025-01-13: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0305f.pdf)

## Related bills

- HB 0384: Maryland Disability Service Animal Program - Established (vetoed)
- SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions (vetoed)
- HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination Review Process (vetoed)
- SB 0157: Maryland Disability Service Animal Program - Established (vetoed)
- HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization (became law)
- HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard (signed)

## Sources
- [Enacted (PDF)](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_117_sb0305t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0305t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0305f.pdf)

## Related
- [HB 0384: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-HB0384-2025RS)
- [SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions](https://policyrisk.com/state-bill/MD-SB0227-2025RS)
- [HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination…](https://policyrisk.com/state-bill/MD-HB0482-2025RS)
- [SB 0157: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-SB0157-2025RS)
- [HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization](https://policyrisk.com/state-bill/MD-HB1294-2025RS)
- [HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard](https://policyrisk.com/state-bill/MD-HB0228-2025RS)
- [Maryland bills](https://policyrisk.com/states/maryland/bills)
- [Maryland state hub](https://policyrisk.com/states/maryland)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/MD-SB0305-2025RS (as of 2026-10-17).