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Code of Virginia
Title 6.2. Financial Institutions and Services
Chapter 22.2. Virtual Currency Kiosks
7/1/2026

§ 6.2-2253. (Effective July 1, 2027) Required disclosures.

A. A licensee shall disclose in a clear, conspicuous, and reasonably understandable manner in the chosen language of the user all relevant terms and conditions associated with the products, services, and activities of virtual currency transactions, including transaction charges collected and exchange rates used by the licensee.

B. Each time a user engages with a virtual currency kiosk, the licensee shall collect the user's acknowledgement of receipt of all disclosures required by this section via confirmation of consent at the virtual currency kiosk.

C. In addition to the disclosure required by subsection A, a licensee shall provide the following disclosure to each user:

"WARNING: This technology can be used to defraud you.

If someone asked you to deposit money in this machine or is on the phone with you and claims to be a friend or family member, government agent, computer software representative, bill collector, law-enforcement officer, or anyone you do not know personally:

STOP THIS TRANSACTION IMMEDIATELY and contact your local law enforcement and the kiosk operator. This may be a scam. NEVER SEND MONEY to someone you don't know."

D. A licensee shall disclose the material risks associated with virtual currency and virtual currency transactions to the user on both the physical virtual currency kiosk and on the screen, including:

1. The following statement: "Virtual currency is not backed by the U.S. government and is not legal tender in the United States. Virtual currency is not subject to Federal Deposit Insurance Corporation, National Credit Union Administration, or Securities Investor Protection Corporation protections and its value relative to the U.S. dollar may fluctuate significantly."

2. The name, address, and telephone number of the owner of the kiosk and the means by which a user can contact the owner for assistance and any relevant state or local law-enforcement or government agency for reporting fraud.

3. Any other disclosure that the Commission may require.

2026, cc. 654, 655.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.