Title 75, Regulation of Trade, Commerce and Investments

(1) (a) A licensee shall designate a qualified individual to be responsible for implementing, overseeing and enforcing the licensee’s information security program.(b) The qualified individual may be employed by the licensee, an affiliate or a service provider. If a licensee desig…

(1) A licensee shall provide notice to the commissioner about notification events. Upon discovery of a notification event, if the notification event involves the information of any consumers in this state, the licensee shall notify the commissioner as soon as possible, but in no …

This article shall be known and may be cited as the “Mississippi Virtual Currency Kiosk Consumer Protection Act.”

(a) The definitions provided in Section 75-16-5 shall also apply to the terms used in this article, and for the purposes of this article, the following terms have the meanings as defined in this section, unless the context clearly indicates otherwise:(a) “Blockchain analytics” me…

(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 …

(1) A virtual currency kiosk operator may not use any sign or handwritten or printed paper using the words “automatic teller machine” or “ATM” or any other words in a manner reasonably calculated to convey the impression that the entity is engaged in the business of banking unles…

(1) (a) The virtual currency kiosk operator, in establishing a relationship with a customer and before entering into an initial virtual currency kiosk transaction for, on behalf of or with the customer, shall disclose in clear, conspicuous and legible writing, both: (i) in Englis…

(1) A virtual currency kiosk operator, upon the completion of a virtual currency transaction, shall provide to the customer a receipt, in both physical (paper) and electronic (email or SMS) form, containing:(a) The name of, and contact information for, the virtual currency kiosk …

(1) A virtual currency kiosk operator shall not accept transactions of more than One Thousand Dollars ($1,000.00) per day in cash or the equivalent in virtual currency for new customers and Seven Thousand Five Hundred Dollars ($7,500.00) per day in cash or the equivalent in virtu…

(1) As used in this section, the following terms have the meanings as defined in this subsection:(a) “Live screening” means a real-time, audio-visual interaction between the customer at the virtual currency kiosk and a live representative of the virtual currency kiosk operator, c…

All virtual currency kiosk operators shall notify the Mississippi Department of Banking and Consumer Finance of any customer complaint or refund request within seventy-two (72) hours of receipt of the customer complaint or refund request.

Virtual currency kiosk operators shall ensure that all virtual currency kiosks are maintained in good working condition so that all requirements under this article are met.

(a) The commissioner may exercise all power and authority and perform all duties with respect to virtual currency kiosk operators licensed under the Money Transmission Modernization Act as are provided in that article, subject to the provisions of Section 75-14-55, and the commis…