(1) A virtual currency kiosk operator may not engage in virtual currency kiosk activity or hold itself out as being able to engage in such activity with or on behalf of another person without having first obtained a license under the Money Transmission Modernization Act, Section 75-16-1 et seq.
(2) A virtual currency kiosk operator shall comply with all requirements of a money transmitter and shall be subject to the provisions of the Money Transmission Modernization Act, including all duties, requirements and fees imposed on licensees, and the Mississippi Department of Banking and Consumer Finance shall exercise all power and authority and perform all duties with respect to virtual currency kiosk operators as are provided in the Money Transmission Modernization Act; however, in the case of a conflict, the provisions of this article shall control.