HB0505 • 2026

Virtual Currency Kiosks

Technology

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Commerce Committee ; Owen ; Daley ; (CO-INTRODUCERS) Alvarez, D. ; Kendall ; Miller ; Salzman ; Tendrich
Last action: 2026-06-29
Official status: Chapter No. 2026-178
Effective date: Except as

Plain English Breakdown

The official text mentions 'specified dollar amounts' but does not list the exact numbers in this excerpt; those details are likely in a separate rule or section not provided.

Rules for Virtual Currency Kiosks in Florida

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.

What This Bill Does

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.

Who It Names or Affects

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.

Terms To Know

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.

Limits and Unknowns

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.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

476503

Committee amendment H 505 Filed • Owen

Adopted 1/27/2026

Plain English: This amendment creates new rules for virtual currency kiosks, including safety warnings on screens, daily spending limits based on how long a customer has used the machine, and requirements to give detailed receipts.

It officially counts owners of virtual currency kiosks as money transmitters who must follow state laws.
Kiosk operators do not have to pay license application or renewal fees if they only run these machines.
Machines must show a warning screen telling customers to stop the transaction if contacted by strangers claiming to be government agents.
New rules set daily spending limits of $2,000 for new users and $10,500 for existing users.

The provided text cuts off before finishing the section on refund policies for fraud victims, so full details about how refunds work are missing.
Some technical terms like 'transaction hash' or specific blockchain definitions may be hard to understand without more context.

454065

Committee amendment H 505 Filed • McFarland

Adopted without Objection 1/27/2026

Plain English: This amendment sets daily spending limits for virtual currency kiosks and requires owners to give customers detailed receipts with specific information about refunds.

New customers can only use the kiosk for up to $500 in a single day, while existing customers are limited to $1,000 per day.
Kiosk operators must provide both an electronic and paper receipt after every transaction.
Receipts must list contact details, transaction times and values, wallet addresses, fees, exchange rates, liability statements, refund policies, and a website for requesting refunds.
Operators must give full refunds of any fees within 72 hours if the customer contacts them within 60 days with an official police or legal report number.

The text does not define what counts as an 'existing' versus a 'new' customer.
It is unclear which specific government office issues the required case numbers mentioned in line 35 because the sentence cuts off before naming it.

518110

Floor amendment H 505 c1 • Rouson

House: Concur 3/12/2026

Plain English: This amendment updates Florida law to include businesses that run machines for exchanging digital money as regulated 'money services' and sets specific criminal penalties for operating these kiosks without a license.

It adds new definitions for 'virtual currency kiosk,' 'kiosk business,' and 'kiosk transaction' so the state can clearly identify them.
It classifies virtual currency kiosk businesses as money services, meaning they must follow rules about how they operate based on technology changes.
It makes it illegal to run a virtual currency kiosk without being licensed or registered with the state.
It creates criminal penalties for unlicensed operations that range from third-degree felonies up to first-degree felonies depending on the amount of money involved.

The official text provided is cut off at the end, so the full details about civil penalty amounts are missing.
This summary only covers what is written in this specific amendment and does not explain other parts of the original bill that were removed.

Bill History

2026-06-29 The Florida Senate and Florida House of Representatives
• Chapter No. 2026-178
2026-06-26 The Florida Senate and Florida House of Representatives
• Approved by Governor
2026-06-15 The Florida Senate and Florida House of Representatives
• Signed by Officers and presented to Governor
2026-03-12 House
• Added to Senate Message List • Amendment 518110 Concur • CS passed as amended; YEAS 107, NAYS 0 • Ordered engrossed, then enrolled
2026-02-25 Senate
• Withdrawn from Rules -SJ 429 • Placed on Calendar, on 2nd reading • Substituted for CS/CS/SB 198 -SJ 429 • Read 2nd time -SJ 429 • Amendment(s) adopted (518110) -SJ 429 • Read 3rd time -SJ 432 • CS passed as amended; YEAS 37 NAYS 0 -SJ 432 • Immediately certified -SJ 437
2026-02-25 House
• In Messages
2026-02-18 Senate
• Referred to Rules • Received
2026-02-17 House
• Read 2nd time • Added to Third Reading Calendar • Read 3rd time • CS passed; YEAS 108, NAYS 0
2026-02-17 Senate
• In Messages
2026-02-10 House
• Bill added to Special Order Calendar (2/17/2026)
2026-02-02 House
• Bill referred to House Calendar • Added to Second Reading Calendar
2026-01-29 House
• 1st Reading (Committee Substitute 1)
2026-01-28 House
• Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed
2026-01-27 House
• Favorable with CS by Commerce Committee
2026-01-23 House
• Added to Commerce Committee agenda
2026-01-13 House
• 1st Reading (Original Filed Version)
2025-12-09 House
• Favorable by Insurance & Banking Subcommittee • Reported out of Insurance & Banking Subcommittee • Now in Commerce Committee
2025-12-02 House
• Added to Insurance & Banking Subcommittee agenda
2025-11-24 House
• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee
2025-11-20 House
• Filed

Official Summary Text

Virtual Currency Kiosks; Revising the requirements for certain rules adopted by the Financial Services Commission; revising the actions by money services businesses, authorized vendors, or affiliated parties which constitute grounds for disciplinary action; prohibiting persons from engaging in certain business unless they are registered or exempt from registration; prohibiting a virtual currency kiosk business from operating in this state without registering or renewing its registration; requiring the Office of Financial Regulation to give a specified notice to applicants; specifying that certain money transmitters are exempt from registration as a virtual currency kiosk business but are subject to certain provisions; requiring applicants to submit certain information to the office to be registered as a virtual currency kiosk business; requiring a virtual currency kiosk business to ensure that its virtual currency kiosk requires certain attestations from the customer and displays a certain disclosure; requiring a virtual currency kiosk business to provide a customer with a specified physical or electronic receipt upon completion of a virtual currency transaction; requiring a virtual currency kiosk business to issue a full refund under certain circumstances, etc.

Current Bill Text

Read the full stored bill text

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1
An act relating to virtual currency kiosks; amending 2
s. 560.103, F.S.; revising the definition of the term 3
"money services business"; defining terms; amending s. 4
560.105, F.S.; revising the requirements for certain 5
rules adopted by the Financial Services Commission; 6
amending s. 560.114, F.S.; revising the actions by 7
money services businesses, authorized vendors, or 8
affiliated parties which constitute grounds for 9
disciplinary action; amending s. 560.125, F.S.; 10
prohibiting persons from engaging in certain business 11
unless they are registered or exempt from 12
registration; creating part V of ch. 560, F.S., 13
entitled "Virtual Currency Kiosk Businesses"; creating 14
s. 560.501, F.S.; defining terms; creating s. 560.502, 15
F.S.; prohibiting a virtual currency kiosk business 16
from operating in this state without registering or 17
renewing its registration; requiring the Office of 18
Financial Regulation to give a specified notice to 19
applicants; specifying that certain money transmitters 20
are exempt from registration as a virtual currency 21
kiosk business but are subject to certain provisions; 22
prohibiting certain entities from performing certain 23
actions without being licensed as a money services 24
business; specifying that virtual currency kiosk 25

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business registrations are not transferable or 26
assignable; creating s. 560.503, F.S.; requiring 27
applicants to submit certain information to the office 28
to be registered as a virtual currency kiosk business; 29
requiring certain virtual currency kiosk businesses to 30
submit a registration application to the office by a 31
specified date; requiring registrants to report a 32
change in the information within a specified 33
timeframe; requiring registrants to renew their 34
registration annually; specifying requirements for a 35
renewal application; requiring registrants to be made 36
inactive for a specified timeframe under certain 37
circumstances; prohibiting registrants from conducting 38
business while registration is inactive; specifying 39
requirements for registrants to renew an inactive 40
registration; providing that a renewal registration 41
becomes effective on a specified date; requiring the 42
office to approve applications for renewal 43
registration within a specified timeframe; providing 44
that a registration expires under certain 45
circumstances; providing requirements if a 46
registration expires; authorizing the office to deny 47
certain applications under certain circumstances; 48
providing that certain false statements made by a 49
virtual currency kiosk business render its 50

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registration void; providing construction; creating s. 51
560.504, F.S.; requiring a virtual currency kiosk 52
business to ensure that its virtual currency kiosk 53
requires certain attestations from the customer and 54
displays a certain disclosure; creating s. 560.505, 55
F.S.; prohibiting a virtual currency kiosk business 56
from permitting new or existing customers from 57
transacting more than specified dollar amounts per 58
calendar day; creating s. 560.506, F.S.; requiring a 59
virtual currency kiosk business to provide a customer 60
with a specified physical or electronic receipt upon 61
completion of a virtual currency transaction; creating 62
s. 560.507, F.S.; requiring a virtual currency kiosk 63
business to issue a full refund under certain 64
circumstances; providing effective dates. 65
66
Be It Enacted by the Legislature of the State of Florida: 67
68
Section 1. Subsection (23) of section 560.103, Florida 69
Statutes, is amended, and subsections (37), (38), and (39) are 70
added to that section, to read: 71
560.103 Definitions.—As used in this chapter, the term: 72
(23) "Money services business" means any person located in 73
or doing business in this state, from this state, or into this 74
state from locations outside this state or country who acts as a 75

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payment instrument seller, foreign currency exchanger, check 76
casher, or money transmitter, or virtual currency kiosk 77
business. 78
(37) "Virtual currency kiosk" means an electronic terminal 79
that acts as a mechanical agent of the kiosk business, enabling 80
the kiosk business to facilitate the exchange of virtual 81
currency for fiat currency or other virtual currency for a 82
customer. 83
(38) "Virtual currency kiosk business" or "kiosk business" 84
means a corporation, limited liability company, limited 85
liability partnership, or foreign entity qualified to do 86
business in this state which offers virtual currency kiosk 87
services to a customer in this state. 88
(39) "Virtual currency kiosk transaction" means the 89
process by which a customer uses a virtual currency kiosk to 90
exchange virtual currency for fiat currency or other virtual 91
currency. A transaction begins at the point at which the 92
customer is able to initiate a transaction after the customer is 93
given the option to select the type of transaction or account 94
and does not include any of the screens that display the 95
required terms and conditions, disclaimers, or attestations. 96
Section 2. Paragraph (b) of subsection (2) of section 97
560.105, Florida Statutes, is amended to read: 98
560.105 Supervisory powers; rulemaking.— 99
(2) The commission may adopt rules pursuant to ss. 100

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120.536(1) and 120.54 to administer this chapter. 101
(b) Rules adopted to regulate money services businesses, 102
including deferred presentment providers and virtual currency 103
kiosk businesses, must be responsive to changes in economic 104
conditions, technology, and industry practices. 105
Section 3. Paragraph (w) of subsection (1) of section 106
560.114, Florida Statutes, is amended to read: 107
560.114 Disciplinary actions; penalties.— 108
(1) The following actions by a money services business, 109
authorized vendor, or affiliated party constitute grounds for 110
the issuance of a cease and desist order; the issuance of a 111
removal order; the denial, suspension, or revocation of a 112
license; or taking any other action within the authority of the 113
office pursuant to this chapter: 114
(w) Engaging or advertising engagement in the business of 115
a money services business or deferred presentment provider 116
without a license or registration, unless exempted from 117
licensure or registration. 118
Section 4. Section 560.125, Florida Statutes, is amended 119
to read: 120
560.125 Unlicensed or unregistered activity; penalties.— 121
(1) A person may not engage in the business of a money 122
services business or deferred presentment provider in this state 123
unless the person is licensed or registered, or exempted from 124
licensure or registration under this chapter. A deferred 125

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presentment transaction conducted by a person not authorized to 126
conduct such transaction under this chapter is void, and the 127
unauthorized person has no right to collect, receive, or retain 128
any principal, interest, or charges relating to such 129
transaction. 130
(2) Only a money services business licensed under part II 131
of this chapter may appoint an authorized vendor. Any person 132
acting as a vendor for an unlicensed money transmitter or 133
payment instrument issuer becomes the principal thereof, and no 134
longer merely acts as a vendor, and is liable to the holder or 135
remitter as a principal money transmitter or payment instrument 136
seller. 137
(3) Any person whose substantial interests are affected by 138
a proceeding brought by the office pursuant to this chapter may, 139
pursuant to s. 560.113, petition any court of competent 140
jurisdiction to enjoin the person or activity that is the 141
subject of the proceeding from violating any of the provisions 142
of this section. For the purpose of this subsection, any money 143
services business licensed under this chapter, any person 144
residing in this state, and any person whose principal place of 145
business is in this state are presumed to be substantially 146
affected. In addition, the interests of a trade organization or 147
association are deemed substantially affected if the interests 148
of any of its members are affected. 149
(4) The office may issue and serve upon any person who 150

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violates any of the provisions of this section a complaint 151
seeking a cease and desist order or impose an administrative 152
fine as provided in s. 560.114. 153
(5) A person who violates this section, if the violation 154
involves: 155
(a) Currency, monetary value, payment instruments, or 156
virtual currency of a value exceeding $300 but less than $20,000 157
in any 12-month period, commits a felony of the third degree, 158
punishable as provided in s. 775.082, s. 775.083, or s. 775.084. 159
(b) Currency, monetary value, payment instruments, or 160
virtual currency of a value totaling or exceeding $20,000 but 161
less than $100,000 in any 12-month period, commits a felony of 162
the second degree, punishable as provided in s. 775.082, s. 163
775.083, or s. 775.084. 164
(c) Currency, monetary value, payment instruments, or 165
virtual currency of a value totaling or exceeding $100,000 in 166
any 12-month period, commits a felony of the first degree, 167
punishable as provided in s. 775.082, s. 775.083, or s. 775.084. 168
(6) In addition to the penalties authorized by s. 775.082, 169
s. 775.083, or s. 775.084, a person who has been convicted of, 170
or entered a plea of guilty or nolo contendere to, having 171
violated this section may be sentenced to pay a fine of up to 172
the greater of $250,000 or twice the value of the currency, 173
monetary value, payment instruments, or virtual currency, except 174
that on a second or subsequent violation of this section the 175

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fine may be up to the greater of $500,000 or quintuple the value 176
of the currency, monetary value, payment instruments, or virtual 177
currency. 178
(7) A person who violates this section is also liable for 179
a civil penalty of up to the greater of the value of the 180
currency, monetary value, payment instruments, or virtual 181
currency involved or $25,000. 182
(8) In any prosecution brought pursuant to this section, 183
the common law corpus delicti rule does not apply. The 184
defendant's confession or admission is admissible during trial 185
without the state having to prove the corpus delicti if the 186
court finds in a hearing conducted outside the presence of the 187
jury that the defendant's confession or admission is 188
trustworthy. Before the court admits the defendant's confession 189
or admission, the state must prove by a preponderance of the 190
evidence that there is sufficient corroborating evidence that 191
tends to establish the trustworthiness of the statement by the 192
defendant. Hearsay evidence is admissible during the 193
presentation of evidence at the hearing. In making its 194
determination, the court may consider all relevant corroborating 195
evidence, including the defendant's statements. 196
Section 5. Part V of chapter 560, Florida Statutes, 197
consisting of ss. 560.501-560.507, Florida Statutes, is created 198
and entitled "Virtual Currency Kiosk Businesses." 199
Section 6. Section 560.501, Florida Statutes, is created 200

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to read: 201
560.501 Definitions.—For purposes of this part, the term: 202
(1) "Blockchain" means a mathematically secured, 203
chronological, decentralized, distributed, and digital ledger or 204
database that consists of records of transactions that cannot be 205
altered retroactively. 206
(2) "Blockchain analytics" means the process of examining, 207
monitoring, and gathering insights from the data and transaction 208
patterns on a blockchain network. The primary aims of blockchain 209
analytics are to understand and monitor the network's health, 210
track transaction flows, and identify potential security 211
threats, including illicit activity, in order to extract 212
actionable insights. 213
(3) "Daily transaction limit" means a new customer being 214
limited to no more than $2,000 in transactions per calendar day, 215
or an existing customer being limited to no more than $10,000 in 216
transactions per calendar day, whether through a single 217
transaction or multiple transactions or whether through one or 218
more virtual currency kiosks. 219
(4) "Existing customer" means a customer who has 220
transacted with a kiosk business on its virtual currency kiosk 221
for 7 or more days. 222
(5) "New customer" means a customer who has transacted 223
with a kiosk business on its virtual currency kiosk for fewer 224
than 7 days. 225

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(6) "Registrant" means a corporation, limited liability 226
company, limited liability partnership, or foreign entity 227
qualified to do business in this state which offers virtual 228
currency kiosk services and receives notice from the office that 229
the agency has granted an application for registration pursuant 230
to this part. 231
(7) "Transaction hash" means a unique identifier 232
consisting of a string of characters which provides a verifiable 233
record that a transaction has been confirmed and added to the 234
blockchain. 235
(8) "Wallet" means hardware or software that enables a 236
customer to store, use, send, receive, and spend virtual 237
currency or store virtual currency private keys or passcodes 238
enabling the same. 239
Section 7. Effective March 1, 2027, section 560.502, 240
Florida Statutes, is created to read: 241
560.502 Registration required; exemptions; penalties.— 242
(1) Except as provided in subsection (2), a virtual 243
currency kiosk business may not operate in this state without 244
first registering, or renewing its registration, in accordance 245
with s. 560.503. The office shall give written notice to each 246
applicant that the office has granted or denied the application 247
for registration. 248
(2) A money transmitter that is licensed as a money 249
services business pursuant to s. 560.141 and offers virtual 250

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currency kiosk services is exempt from registration as a virtual 251
currency kiosk business but is subject to ss. 560.504, 560.505, 252
560.506, and 560.507. 253
(3) An entity, in the course of its business, may not act 254
as an intermediary with the ability to unilaterally execute or 255
indefinitely prevent a virtual currency kiosk transaction, or 256
otherwise meet the definition of a money transmitter as defined 257
in s. 560.103, without being licensed as a money services 258
business pursuant to s. 560.141. 259
(4) A virtual currency kiosk business registration issued 260
under this part is not transferable or assignable. 261
Section 8. Section 560.503, Florida Statutes, is created 262
to read: 263
560.503 Registration applications.— 264
(1) To apply to be registered as a virtual currency kiosk 265
business under this part, the applicant must submit all of the 266
following information to the office: 267
(a) A completed registration application on forms 268
prescribed by rule of the commission. The application must 269
include the following information: 270
1. The legal name, including any fictitious or trade name 271
used by the applicant in the conduct of its business, and the 272
physical and mailing addresses of the applicant. 273
2. The date of the applicant's formation and the state in 274
which the applicant was formed, if applicable. 275

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3. The name, social security number, alien identification 276
or taxpayer identification number, business and residence 277
addresses, and employment history for the past 5 years for each 278
control person as defined in s. 560.103. 279
4. A description of the organizational structure of the 280
applicant, including the identity of any parent or subsidiary of 281
the applicant, and the disclosure of whether any parent or 282
subsidiary is publicly traded. 283
5. The name and mailing address of the registered agent in 284
this state for service of process. 285
6. The physical address of the location of each virtual 286
currency kiosk through which the applicant proposes to conduct 287
or is conducting business in this state. 288
7. An attestation that the applicant has developed clearly 289
documented policies, processes, and procedures regarding the use 290
of blockchain analytics to prevent transfers to wallet addresses 291
linked to known criminal activity, including the manner in which 292
such blockchain analytics activity will integrate into its 293
compliance controls, and that the applicant will maintain and 294
comply with such blockchain analytics policies, processes, and 295
procedures. 296
8. Any other information as required by this chapter or 297
commission rule. 298
(b) Any information needed to resolve any deficiency found 299
in the application within a time period prescribed by rule. 300

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(2) A virtual currency kiosk business operating in this 301
state on or before January 1, 2027, must submit a registration 302
application to the office within 30 days after that date. 303
(3) A registrant shall report, on a form prescribed by 304
rule of the commission, any change in the information contained 305
in the initial application form or an amendment thereto within 306
30 days after the change is effective. 307
(4) A registrant must renew its registration annually on 308
or before December 31 of the year preceding the expiration date 309
of the registration. To renew such registration, the registrant 310
must submit a renewal application that provides: 311
(a) The information required in paragraph (1)(a) if there 312
are changes in the application information, or an affidavit 313
signed by the registrant that the information remains the same 314
as the prior year's information. 315
(b) Upon request by the office, evidence that the 316
registrant has been operating in compliance with ss. 560.504, 317
560.505, 560.506, and 560.507. Such evidence may be prescribed 318
by rule by the commission and may include, but need not be 319
limited to, all of the following: 320
1. Current disclosures presented to customers during the 321
transaction process. 322
2. Current use of blockchain analytics to prevent 323
transfers to wallet addresses linked to known criminal activity. 324
(5) A registrant that does not renew its registration by 325

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December 31 of the year preceding expiration shall be made 326
inactive for 60 days. A registrant may not conduct business 327
while its registration is inactive. 328
(6) To renew an inactive registration, a registrant must, 329
within 60 days after the registration becomes inactive, submit 330
all of the following: 331
(a) The information required in paragraph (1)(a) if there 332
are changes in the application information, or an affidavit 333
signed by the registrant that the information remains the same 334
as the prior year's information. 335
(b) Evidence that the registrant was operating in 336
compliance with ss. 560.504, 560.505, 560.506, and 560.507. Such 337
evidence may be prescribed by rule by the commission and may 338
include, but need not be limited to, all of the following: 339
1. Current disclosures presented to customers during the 340
transaction process. 341
2. Reports that confirm compliance with daily transaction 342
limits. 343
3. Copies of receipts provided to customers. 344
4. Records showing refunds provided to customers in 345
required circumstances. 346
5. Current use of blockchain analytics to prevent 347
transfers to wallet addresses linked to known criminal activity. 348
349
Any renewal registration made pursuant to this subsection 350

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becomes effective upon the date the office approves the 351
application for registration. The office shall approve the 352
application for renewal registration within a timeframe 353
prescribed by rule. 354
(7) Except as provided in s. 560.502(2), failure to submit 355
an application to renew a virtual currency kiosk business's 356
registration within 60 days after the registration becomes 357
inactive shall result in the registration becoming expired. If 358
the registration is expired, a new application to register the 359
virtual currency kiosk business pursuant to subsection (1) must 360
be submitted to the office and a certification of registration 361
must be issued by the office before the virtual currency kiosk 362
business may conduct business in this state. 363
(8) If a control person of a registrant or prospective 364
registrant has engaged in any unlawful business practice, or 365
been convicted or found guilty of, or pled guilty or nolo 366
contendere to, regardless of adjudication, a crime involving 367
dishonest dealing, fraud, acts of moral turpitude, or other acts 368
that reflect an inability to engage lawfully in the business of 369
a registered virtual currency kiosk business, the office may 370
deny the prospective registrant's initial registration 371
application or the registrant's renewal application. 372
(9) The office shall deny the application of a virtual 373
currency kiosk business that submits a renewal application and 374
fails to provide evidence of compliance upon request pursuant to 375

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paragraph (4)(b) or as required in paragraph (6)(b). 376
(10) Any false statement made by a virtual currency kiosk 377
business in an application for registration under this section 378
renders the registration void. A void registration may not be 379
construed as creating a defense to any prosecution for violation 380
of this chapter. 381
Section 9. Section 560.504, Florida Statutes, is created 382
to read: 383
560.504 Disclosures.—Before a customer initiates a virtual 384
currency kiosk transaction, a virtual currency kiosk business 385
shall ensure that its virtual currency kiosk: 386
(1) Requires the customer to confirm whether the customer 387
has conducted any transaction at another virtual currency kiosk 388
on the same calendar day and the amount of any such transactions 389
to determine how much, if any, the customer may transact at the 390
virtual currency kiosk before reaching the appropriate daily 391
transaction limit. 392
(2) Clearly and conspicuously display the following 393
disclosure to the customer on the screen: 394
395
WARNING: FRAUD OFTEN STARTS WITH CONTACT FROM A 396
STRANGER. IF YOU HAVE BEEN DIRECTED TO THIS MACHINE BY 397
SOMEONE CLAIMING TO BE A GOVERNMENT AGENT, BILL 398
COLLECTOR, LAW ENFORCEMENT OFFICER, OR ANYONE YOU DO 399
NOT KNOW PERSONALLY, STOP THIS TRANSACTION IMMEDIATELY 400

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AND CONTACT YOUR FINANCIAL ADVISOR OR LOCAL LAW 401
ENFORCEMENT. 402
403
Section 10. Section 560.505, Florida Statutes, is created 404
to read: 405
560.505 Transaction limits.—A virtual currency kiosk 406
business may not permit a new customer to transact more than 407
$2,000 per calendar day, whether through a single transaction or 408
multiple transactions or whether through one or more virtual 409
currency kiosks. A virtual currency kiosk business may not 410
permit an existing customer to transact more than $10,000 per 411
calendar day, whether through a single transaction or multiple 412
transactions or whether through one or more virtual currency 413
kiosks. 414
Section 11. Section 560.506, Florida Statutes, is created 415
to read: 416
560.506 Mandatory receipt.—Upon completion of a virtual 417
currency transaction, the virtual currency kiosk business shall 418
provide the customer with a choice of a physical or electronic 419
receipt that includes all of the following: 420
(1) The name and contact information of the virtual 421
currency kiosk business, including an e-mail address and a toll-422
free telephone number for such business. 423
(2) The date, time, amount of the transaction in United 424
States dollars, and type of transaction. 425

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(3) The transaction hash and each wallet used. 426
(4) The total fee charged for the transaction. 427
(5) The exchange rate, if applicable. 428
(6) A statement of the virtual currency kiosk's liability, 429
if any, for nondelivery or delayed delivery of the virtual 430
currency. 431
(7) The refund policy of the virtual currency kiosk 432
business. 433
Section 12. Section 560.507, Florida Statutes, is created 434
to read: 435
560.507 Mandatory refund.—A virtual currency kiosk 436
business must issue a full refund within 72 hours to a customer 437
for the customer's first virtual currency transaction if all of 438
the following conditions are met: 439
(1) Within 60 days, the customer notifies the virtual 440
currency kiosk business and a law enforcement or governmental 441
agency regarding the fraudulent nature of the transaction. 442
(2) The customer provides proof of the alleged fraud to 443
the virtual currency kiosk business, such as a police report or 444
a notarized affidavit. 445
Section 13. Except as otherwise expressly provided in this 446
act, this act shall take effect January 1, 2027. 447