Virtual Currency Transfers

Plain English Breakdown

The candidate explanation incorrectly states that the bill became law, when in fact it died in committee and did not pass into law.

Virtual Currency Transfers Law

This law says that if someone asks Florida residents to send virtual currency to an account outside of the state, they can be tried in Florida courts.

What This Bill Does

• Adds a rule saying that asking Florida residents to move virtual currency to accounts outside the state makes the person who asked subject to Florida's laws and courts.

Who It Names or Affects

• People who ask Florida residents to transfer virtual currency out of state.
• Florida residents asked to move virtual currency outside the state.

Terms To Know

Virtual Currency

Digital money that can be used for transactions online, like cryptocurrencies.

Limits and Unknowns

• The bill does not explain what happens if someone asks to transfer virtual currency within Florida.
• It is unclear how this law will affect international transfers of virtual currency.

Official Summary Text

Virtual Currency Transfers; Providing that requests by a defendant, regardless of location, to residents of this state to transfer virtual currency to an account located outside of this state subjects the defendant to the jurisdiction of the state courts, etc.

Current Bill Text

Florida Senate
-
2026

SB 738

By
Senator Martin

33-00644-26 2026738__
1 A bill to be entitled
2 An act relating to virtual currency transfers;
3 amending s. 48.193, F.S.; providing that requests by a
4 defendant, regardless of location, to residents of
5 this state to transfer virtual currency to an account
6 located outside of this state subjects the defendant
7 to the jurisdiction of the state courts; providing an
8 effective date.
9
10 Be It Enacted by the Legislature of the State of Florida:
11
12 Section 1. Subsection (2) of section 48.193, Florida
13 Statutes, is amended to read:
14 48.193 Acts subjecting person to jurisdiction of courts of
15 state.—
16 (2) A defendant who is engaged in substantial and not
17 isolated activity within this state, whether such activity is
18 wholly interstate, intrastate, or otherwise, is subject to the
19 jurisdiction of the courts of this state,
regardless of
whether
20
or not
the claim arises from that activity.
Such activity

21
includes, but is not limited to, a request by a defendant,

22
regardless of his or her location, to a resident of this state

23
to transfer virtual currency as defined in s. 560.103 to an

24
account located outside of this state.

25 Section 2. This act shall take effect July 1, 2026.