Sponsor and industry diverge over virtual‑currency kiosk restrictions; committee sets bill aside The Judiciary Committee heard sponsor Representative Alexi Moore and industry witness Ethan McClelland of CoinFlip on HB 324, which aims to restrict virtual‑currency kiosks to curb fraud. CoinFlip disputed high fraud figures, urged alternatives (transaction holds, tiered limits), cautioned that a 3% fee cap could cripple the business, and the committee set the bill aside with a March 18 amendment deadline.

House Bill 324 could reshape the future of virtual-currency kiosks in Alaska as lawmakers grapple with alarming claims of fraud rates up to 93% and fierce industry pushback.

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