Arkansas Bitcoin ATM Regulations
HB 1467 (2025) amended the Uniform Money Services Act to specifically include "virtual currency kiosks" with strict consumer protection requirements and elder abuse prevention measures.
Licensing Requirements
Arkansas requires money transfer licensing for all Bitcoin ATM operators. HB 1467 (2025) amended the Uniform Money Services Act to specifically include "virtual currency kiosks" as a regulated activity.
All operators must maintain proper licensing through the Arkansas Securities Department and comply with ongoing reporting requirements.
Transaction Limits
Arkansas establishes daily transaction limits with a shorter 72-hour new customer period compared to some other states.
| Customer Type | Daily Limit | Notes |
|---|---|---|
| New Customer | $2,000 | First 72 hours |
| Existing Customer | $7,500 | After 72-hour period |
Customer Script
"For our Arkansas customers, we require a government-issued ID for all transactions. New accounts are limited to $2,000 per day for the first 72 hours."
Fee Caps
Arkansas caps total fees (including spread) that operators can charge customers.
- Maximum fee: 18% of transaction value OR $5, whichever is greater
- Fees must be clearly disclosed before transaction completion
- All fee components must be itemized in customer receipts
KYC & New Customer Rules
Arkansas defines a "New Customer" as a consumer who has been registered for less than 72 hours. All customers must provide government-issued identification for any transaction.
- New customer period: 72 hours from registration
- Government-issued ID required for ALL transactions (no exceptions)
- Customer information must be verified and retained
Elder Protection Requirements
Arkansas has specific requirements to protect elderly customers from financial exploitation.
Compliance Note - Elder Protection
Arkansas requires specific training materials for authorized delegates on recognizing financial abuse of elder adults (60+ years old). Training must be updated by April 1st annually. Escalate to the compliance officer immediately if elder exploitation is suspected.
Legislative Reference
The primary legislation governing Bitcoin ATM operations in Arkansas is House Bill 1467 (2025), which amended the Uniform Money Services Act.
HB 1467 (2025)