Consumer protection: other; cryptocurrency kiosks; prohibit the installation and operation of. Creates new act. TIE BAR WITH: HB 5987'26

1. **ONE-SENTENCE SUMMARY:** This bill prohibits the installation and operation of cryptocurrency kiosks in Michigan. 2. **KEY REQUIREMENTS:** - Do not install or operate any cryptocurrency kiosks in Michigan. 3. **DEADLINES:** - The bill is currently introduced and does not have an effective date yet; keep an eye on legislative updates for final approval and implementation dates. 4. **PENALTIES:** - Specific fines or penalties are not detailed in the current text, but operating prohibited kiosks could lead to enforcement actions by state authorities. 5. **SMB IMPACT:** Small businesses that might have considered installing cryptocurrency kiosks will need to look for alternative revenue streams, as this bill restricts a potentially lucrative service. It simplifies compliance by removing the need to navigate cryptocurrency kiosk regulations.