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

Summary

This bill establishes registration and regulatory requirements for operators of cryptocurrency kiosks and cashier crypto exchanges in New York. Operators must register with the state banking department, provide consumer disclosures in multiple languages, maintain 72-hour hold periods on transactions of $1,000 or more, offer live customer service, and comply with fraud protection and anti-money laundering rules. The bill also grants consumers rights to cancel transactions during hold periods, receive refunds for fraudulent transactions, and pursue civil action against operators who violate these requirements, with significant penalties imposed on non-compliant operators.