MD OFR Industry Advisories

Maryland Emergency Regulation for Virtual Currency Kiosks

Maryland has issued an emergency regulation establishing registration requirements for virtual currency kiosk operators and kiosks. The regulation, effective December 5, 2025, outlines definitions, registration procedures, fraud prevention, and operational requirements.

Maryland Banks and Credit Unions: Application for Annual Assessment Fee Credit

The Maryland Office of Financial Regulation (OFR) has announced the availability of an application for state-chartered banks and credit unions to earn an annual assessment fee credit. This credit is available for opening and maintaining branches in low- to moderate-income (LMI) communities, as established by the 2023 Maryland Access to Banking Act.