Arizona Arizona Revised Statutes

§ 6-1236 — Cryptocurrency kiosk operator; disclosures; receipt; fraud prevention; refunds; enforcement; definitions

ARS § 6-1236Title 6. Banks and Financial Institutions · Ch. 12. TRANSMITTERS OF MONEY · Art. 1. Money Transmission

Statute text

6-1236. Cryptocurrency kiosk operator; disclosures; receipt; fraud prevention; refunds; enforcement; definitions A. A cryptocurrency kiosk operator shall disclose in a clear, conspicuous and easily readable and understandable manner in the chosen language of the customer all relevant terms and conditions that are generally associated with the products, services and activities of the cryptocurrency kiosk operator and virtual currency. The cryptocurrency kiosk operator shall receive an acknowledgment of receipt of all disclosures required under this section from a customer through confirmation or consent. B. A cryptocurrency kiosk operator shall provide the following disclosures separately in a font that contrasts with the background where the written warning appears and the customer must accept the two separate disclosures before executing a cryptocurrency kiosk transaction: 1. Warning: Consumer fraud often starts with contact from a stranger who is initiating a dishonest scheme or a criminal or fraudulent activity that may appear in many forms, including any of the following:

(a)Claims of a frozen bank account or credit card.

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