Rhode Island Bitcoin ATM Regulations
Rhode Island enacted H 5121A / S 0016A in June 2025, requiring crypto-kiosk operators to register as money transmitters with the Department of Business Regulation, observe graduated daily transaction caps, and provide live customer support during defined business hours.
Overview
On June 26, 2025, Governor Daniel McKee signed H 5121A (companion: S 0016A) into law, creating a kiosk-specific consumer-protection regime in Rhode Island. The bill was sponsored by Representative Julie Casimiro.
The statute imposes graduated daily transaction caps tied to customer relationship, requires operators to register with the Rhode Island Department of Business Regulation as money transmitters, and obligates operators to staff a live customer-service line during defined hours.
Licensing Requirements
Operators must register with the Rhode Island Department of Business Regulation as money transmitters before placing any virtual-currency kiosk in service.
Transaction Limits
H 5121A establishes a two-tier cap:
- New users (first-time transactions): $2,000 per calendar day.
- Established users: $5,000 per calendar day.
Consumer Protection Resources
Operators must staff a live customer-service line Monday through Friday, 8 a.m. to 10 p.m. Eastern Time. Receipts must include transaction details, fees, and customer recourse information.
Legislative Reference
Primary statute: H 5121A / S 0016A — Virtual Currency Kiosk Provisions (2025).
Primary regulator: Rhode Island Department of Business Regulation.
Effective: June 26, 2025.