13-83-103. Disclosures and warnings -- Receipt requirements.

364 words·~2 min read·/ut/title-13/chapter-83/13-83-103

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/6/2026

(1)A virtual currency kiosk operator shall disclose in a clear, conspicuous, and easily readable manner in the chosen language of the customer:

(a)all relevant terms and conditions generally associated with the products, services, and activities of the virtual currency kiosk operator and virtual currency; and

(b)that digital assets and transactions conducted through the virtual currency kiosk are not insured or guaranteed by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation.

(2)The virtual currency kiosk operator shall receive acknowledgment of receipt of all disclosures required under this section via confirmation of consent.

(3)Each virtual currency kiosk shall include a fraud prevention warning in English and Spanish, written prominently and in bold type.

(4)The fraud prevention warning described in Subsection

(3)shall state: "WARNING: NEVER SEND MONEY TO SOMEONE YOU DO NOT KNOW. THESE TRANSACTIONS ARE IRREVERSIBLE. NO GOVERNMENT AGENCY OR OFFICIAL WILL EVER REQUEST PAYMENT USING THIS KIOSK. IF YOU SUSPECT FRAUD, CALL LOCAL LAW ENFORCEMENT BEFORE PROCEEDING."

(5)After the completion of each transaction, the virtual currency kiosk operator shall provide an individual with a receipt in the language chosen by the customer.

(6)The receipt described in Subsection

(5)shall contain:

(a)the virtual currency kiosk operator's name and contact information, including a telephone number to answer questions and register complaints;

(b)the relevant state law enforcement or government agency for reporting fraud;

(c)the type, value, date, and precise time of the transaction;

(d)the transaction hash;

(e)each applicable virtual currency address;

(f)the transaction amount in both virtual currency and United States dollars;

(g)all fees charged;

(h)the exchange rate of the virtual currency to United States dollars;

(i)customer service contact information; and

(j)a statement of the virtual currency kiosk operator's refund policy.

(7)A virtual currency kiosk operator performing business in this state shall provide a toll-free customer service line, available 24 hours per day, seven days per week, and display the number for the toll-free customer service line on the virtual currency kiosk or the virtual currency kiosk screens.

Enacted by Chapter 394 , 2026 General Session