Provides for the registration and regulation of crypto kiosk and cashier crypto exchange operators.

Summary

This bill establishes a registration and regulatory framework for operators of cryptocurrency kiosks and cashier crypto exchanges in New York. It requires operators to register with the state banking department, implement consumer protections including mandatory hold periods of 72 hours for transactions of $1,000 or more, provide fraud refunds, display warning messages about scams, and maintain live customer service. The bill also imposes penalties for non-compliance, including civil fines and revocation of registration, and grants consumers private rights of action for violations.