Consumer protection: unfair trade practices; violation under Michigan consumer protection act for violations under the cryptocurrency exchange kiosk regulation act; provide for. Amends sec. 3 of 1976 PA 331 (MCL 445.903). TIE BAR WITH: HB 6222'26

1. **ONE-SENTENCE SUMMARY:** This bill amends Michigan's consumer protection laws to include violations of the cryptocurrency exchange kiosk regulations as unfair trade practices. 2. **KEY REQUIREMENTS:** - Ensure compliance with the cryptocurrency exchange kiosk regulation act. - Avoid engaging in unfair trade practices related to cryptocurrency transactions. 3. **DEADLINES:** - The bill is currently introduced and has not yet been passed into law, so no effective date or compliance deadlines are established yet. 4. **PENALTIES:** - Violating the provisions could result in fines and enforcement actions under the Michigan Consumer Protection Act, though specific amounts are not detailed until the bill is enacted. 5. **SMB IMPACT:** Small businesses operating cryptocurrency kiosks will need to stay informed about compliance requirements to avoid penalties, which may require additional resources for training and oversight. Non-compliance could lead to legal issues that could harm their reputation and finances.