Maryland Bitcoin ATM Regulations
SB 305 (Chapter 117) requires kiosk registration beginning January 1, 2026, with tiered limits based on user experience and a 15% fee cap.
Licensing Requirements
SB 305 (Chapter 117) requires Bitcoin ATM kiosk registration with the Maryland Commissioner of Financial Regulation beginning January 1, 2026.
Operators must complete the registration process and maintain compliance with all state money transmission requirements.
Transaction Limits
Maryland uses the terminology "New User" and "Experienced User" rather than "New Customer" and "Existing Customer."
| User Type | Daily Limit |
|---|---|
| New User | $2,000 |
| Experienced User | $10,500 |
Customer Script
"In Maryland, new users have a daily transaction limit of $2,000 for the first 72 hours. Once you are an experienced user, that limit increases to $10,500."
| Customer Type | Daily Limit | Notes |
|---|---|---|
| New Customer | $2,000/day | Period: 72 Hours |
| Existing Customer | $10,500/day | After new customer period |
Fee Caps
Compliance Note - Fee Limits
Maryland caps total fees that operators can charge customers.
- Maximum fee: 15% of transaction value OR $5, whichever is greater
- All fees must be clearly disclosed prior to transaction
- Fees on verified fraudulent transactions must be refunded per Commissioner regulations
KYC & New Customer Rules
Maryland defines a "New User" as someone transacting for the first time or within the first 72 hours following their first transaction.
- New user period: 72 hours from first transaction
- Government-issued ID required for all transactions
- User status must be verified before applying limits
Legislative Reference
The primary legislation governing Bitcoin ATM operations in Maryland is Senate Bill 305, signed into law as Chapter 117.
SB 305 (Chapter 117)
SB 305 (Chapter 117)