Florida Virtual Currency Kiosk Registration Regime

Florida Virtual Currency Kiosk Registration Regime is a proposed state-level United States crypto kiosk framework contained in Florida CS/HB 505, titled Virtual Currency Kiosks. As of June 4, 2026, the Florida Senate bill page listed the measure as ordered engrossed and enrolled, with an effective date of January 1, 2027 except where otherwise provided. The official bill page did not list a chapter law citation, and the final bill analysis listed the Governor’s action as pending.

The bill would create Part V of Chapter 560, Florida Statutes, entitled “Virtual Currency Kiosk Businesses.” It would bring certain crypto ATM-style businesses into Florida’s money services business chapter while using a registration model for kiosk businesses that do not otherwise act as licensed money transmitters. The enrolled text defines a virtual currency kiosk as an electronic terminal that enables a kiosk business to facilitate the exchange of virtual currency for fiat currency or other virtual currency for a customer.

Key provisions of Florida’s virtual currency kiosk registration regime

OFR registration and money transmitter treatment

The central registration provision is proposed Section 560.502, Florida Statutes. Effective March 1, 2027, a virtual currency kiosk business would be prohibited from operating in Florida without first registering or renewing its registration with the Office of Financial Regulation. A money transmitter already licensed as a money services business under Section 560.141 would be exempt from the separate kiosk registration requirement, but would remain subject to the bill’s disclosure, transaction-limit, receipt, and refund provisions.

The bill also draws a line between registration and money-transmitter licensing. An entity that acts as an intermediary with the ability to unilaterally execute or indefinitely prevent a virtual currency kiosk transaction, or otherwise meets Florida’s money transmitter definition, would need a money services business license. A kiosk registration would not be transferable or assignable.

Registration applications, renewals, and blockchain analytics

Applicants would submit registration information to OFR on forms prescribed by Financial Services Commission rule. Required information includes legal and trade names, formation details, control-person identifying information and employment history, organizational structure, registered-agent details, the physical address of each Florida kiosk, and an attestation that the applicant has documented blockchain analytics policies designed to prevent transfers to wallet addresses linked to known criminal activity.

Businesses operating in Florida on or before January 1, 2027 would have to submit a registration application within 30 days after that date. Registrants would also have to report changes within 30 days, renew annually by December 31 before expiration, and provide evidence of compliance on request. If a registration becomes inactive, the registrant could not conduct business in Florida while inactive.

Fraud warnings, transaction limits, receipts, and refunds

The bill would require kiosks to ask customers about same-day transactions at other virtual currency kiosks before a transaction begins. It would also require a prominent fraud warning telling customers to stop the transaction if directed to the machine by a stranger, someone claiming to be a government agent, bill collector, law enforcement officer, or another person the customer does not personally know.

Daily transaction limits would be $2,000 for new customers and $10,000 for existing customers, whether through one or more transactions or one or more kiosks. A new customer is one who has transacted with the kiosk business for fewer than seven days; an existing customer has transacted for seven or more days.

After a transaction, the business would have to provide a physical or electronic receipt with contact information, date, time, U.S. dollar amount, transaction type, transaction hash, wallets used, fees, exchange rate if applicable, liability statement, and refund policy. The bill would also require a full refund within 72 hours for a customer’s first virtual currency transaction if the customer reports the alleged fraud to the kiosk business and a law enforcement or governmental agency within 60 days and provides proof such as a police report or notarized affidavit.

Status and timeline

CS/HB 505 was filed on November 20, 2025, passed the Florida House 108-0 on February 17, 2026, passed the Senate as amended 37-0 on February 25, 2026, and was passed by the House as amended 107-0 on March 12, 2026. The official bill page lists the last action as “Ordered engrossed, then enrolled.” As of this review, editors should treat the profile as an enrolled Florida bill creating a not-yet-effective registration regime, not as an already operative licensing law.