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.
Important Date
Kiosk registration requirements take effect January 1, 2026. Begin the application process with the Maryland Commissioner of Financial Regulation in advance.
Transaction Limits
Maryland uses the terminology "New User" and "Experienced User" rather than "New Customer" and "Existing Customer."
| User Type | Daily Limit | Notes |
|---|---|---|
| New User | $2,000 | First transaction or first 72 hours |
| Experienced User | $10,500 | After 72-hour period |
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."
Fee Caps
Maryland has specific fee limitations with additional requirements for fraud-related transactions.
- 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
Compliance Note
Maryland prohibits fees exceeding $5 or 15% of the transaction. Any fees charged on verified fraudulent transactions must be refunded according to Commissioner regulations.
KYC & New User 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)