The post Virginia Crypto ATM Regulation Bill Awaits Governor’s Signature After Legislative Approval appeared on BitcoinEthereumNews.com.

TLDR: Virginia’s crypto kiosk bill passed both legislative chambers and now awaits the governor’s final signature.  New regulations impose 48-hour holds for first-time users to prevent fraud and enable transaction reversals.  Approximately 7% of crypto kiosk transactions involve fraud, prompting proactive regulatory intervention efforts.  Operators cannot market crypto kiosks as ATMs under the bill, addressing widespread consumer confusion issues.   Virginia stands on the brink of implementing comprehensive cryptocurrency kiosk oversight as regulatory legislation reaches the governor’s desk. Both the state Senate and House approved the measure, establishing licensing frameworks and consumer protections. The bill now requires executive approval to become law. Industry operators would face new requirements including transaction limits and identification protocols. This regulatory approach positions Virginia among states taking definitive action on crypto kiosk oversight. Comprehensive Regulatory Measures Target Kiosk Operations The pending legislation establishes a statewide registration system for cryptocurrency kiosk operators across Virginia. Businesses must obtain licenses and comply with ongoing reporting standards under the proposed framework. Transaction restrictions represent a cornerstone of the consumer protection approach. Users would encounter both daily and monthly caps on amounts processed through these terminals. First-time kiosk users face a mandatory 48-hour waiting period before transactions complete. This hold mechanism creates an opportunity to reverse suspected fraudulent purchases. All transactions require identity verification regardless of purchase amount. Operators must display prominent warning notices on every machine about potential fraud risks. Marketing restrictions prevent operators from describing these devices as ATMs or using related language. Delegate Michelle Maldonado explained the reasoning behind this provision. “The fact is, it’s kind of confusing to some people because they look like ATMs. They’re shaped like ATMs. But instead of taking money out, you’re sort of putting money in to purchase crypto that goes into a broader exchange,” the Manassas-area representative said. The legislation…

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Filed under: News - @ February 15, 2026 7:26 pm