Consumer protection: other; virtual currency kiosks; prohibit the operation of. Creates new act.

1. **ONE-SENTENCE SUMMARY:** This bill prohibits the operation of virtual currency kiosks in Michigan. 2. **KEY REQUIREMENTS:** - Do not operate virtual currency kiosks in Michigan. 3. **DEADLINES:** - The bill is currently introduced and does not have an effective date yet, but businesses should stay informed for updates. 4. **PENALTIES:** - Operating a virtual currency kiosk could result in fines or other enforcement actions, though specific penalties are not detailed in the current text. 5. **SMB IMPACT:** Small businesses that might have considered using virtual currency kiosks will need to find alternative payment methods, as these kiosks will no longer be an option in Michigan. This could affect their ability to attract customers who prefer using cryptocurrency.