Consumer protection: other; virtual currency kiosk protections; provide for. Creates new act.

Michigan House Bill 5469, introduced on January 22, 2026, aims to protect consumers using virtual currency kiosks. The bill proposes the 'Virtual Currency Kiosk Consumer Protection Act,' which would regulate operators of these kiosks, mandate specific disclosures to users, and establish civil penalties for non-compliance. Key provisions include defining terms like 'blockchain,' 'blockchain analytics,' and 'fiat currency,' and assigning regulatory authority to the Department of Insurance and Financial Services. The bill is currently under review by the House Regulatory Reform Committee.

Positive media analysis is being generated.

Although direct media critiques are not found, potential concerns could arise from virtual currency kiosk operators and industry stakeholders who might view the proposed regulations as burdensome or restrictive. There may also be apprehension about the bill's impact on innovation and the growth of virtual currency services within Michigan.