Consumer protection: other; cryptocurrency kiosks; prohibit the installation and operation of. Creates new act. TIE BAR WITH: HB 5987'26

Summary

This bill prohibits any person from installing, operating, or allowing cryptocurrency kiosks to be installed on property they own, lease, or control in Michigan. Violators face civil fines of up to $100 per day of violation, with enforcement by county prosecutors or the state attorney general, and those holding lottery sales agent licenses face a 90-day license suspension upon violation. The bill takes effect 90 days after enactment, contingent on the passage of a companion bill.