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HB0505

Rules for Virtual Currency Kiosks in Florida

Last scannedAug 24, 2026, 10:35 AM

In one sentence

This law requires businesses operating virtual currency kiosks to register with state officials, follow specific safety steps during transactions like getting customer confirmations and showing warnings, and provide receipts.

Creates a new registration system for companies running virtual currency kiosks in Florida.
Requires kiosk machines to get certain confirmations from customers and display required information before starting a transaction.
Mandates that businesses give a physical or electronic receipt after every exchange of money or digital currency.
Sets limits on how much value a single person can trade through these kiosks in one calendar day.
Requires kiosk operators to issue full refunds under certain circumstances.

Companies and individuals who own or operate virtual currency kiosks in Florida.
Customers who use electronic terminals to exchange digital money for cash or other digital currencies.
The Office of Financial Regulation, which handles registration applications and enforces these rules.

The specific dollar amounts for daily transaction limits are not listed in this summary text.
The exact details of what information applicants must submit during registration are described generally but not fully detailed here.
This law takes effect on January 1, 2027, so the rules do not apply to transactions before that date.

Plain language

Virtual currency kiosk: An electronic machine that helps customers swap digital money for regular cash or other types of digital money.
Fiat currency: Regular government-issued money, such as U.S. dollars, used in everyday transactions.
Attestation: A formal statement or confirmation that a customer must make to the machine before completing an exchange.

Official record

Source attached

Virtual Currency Kiosks

Official activity

2026-06-29Chapter No. 2026-178; Companion bill(s) passed, see CS/CS/HB 1087 (Ch. 2026-130)