FloridaFlorida law sets registration and customer rules for virtual-currency kiosks
Starting in 2027, Florida kiosk businesses must register, limit daily transactions, give customers receipts, and refund some first transactions tied to fraud.
What it does
Kiosk businesses must register before operating in Florida. Businesses operating on or before January 1, 2027, must apply within 30 days; licensed money transmitters are exempt from this registration.
New customers may transact up to $2,000 per day, and existing customers up to $10,000, across one or more kiosks. Kiosks must also show a fraud warning and offer a receipt with transaction and fee details.
A kiosk business must fully refund a customer’s first transaction within 72 hours if the customer reports the alleged fraud to the business and a government or law enforcement agency within 60 days, and provides proof.
Argument forCustomers targeted by fraud may recover their first transaction if they report it within 60 days and provide proof.
Argument againstThe daily caps could stop customers from completing a legitimate purchase above the limit, even when they can pay.
More detail
Virtual-currency kiosk businesses must register with Florida’s Office of Financial Regulation before operating. The rule covers businesses offering virtual-currency kiosk services in Florida. Businesses operating on or before January 1, 2027, must apply within 30 days after that date. A money transmitter licensed as a money services business is exempt from kiosk-business registration, but must follow the customer rules for disclosures, transaction limits, receipts, and refunds. The registration requirement takes effect March 1, 2027. Existing businesses must apply within 30 days after January 1, 2027.
Kiosk businesses must check daily totals, display a fraud warning, cap transactions, and provide a detailed receipt. These rules apply to virtual-currency kiosk businesses and their customers in Florida, including licensed money transmitters exempt from kiosk-business registration. Before a transaction, kiosks must ask whether the customer used another kiosk that day and how much the customer transacted. A new customer has used a kiosk for fewer than 7 days; an existing customer has used one for 7 or more days. These requirements take effect January 1, 2027.
A kiosk business must fully refund a customer’s first virtual-currency transaction within 72 hours when the stated fraud conditions are met. This applies to a customer’s first virtual-currency transaction with a kiosk business. The customer must notify the kiosk business and a law enforcement or government agency within 60 days, and provide proof of the alleged fraud, such as a police report or notarized affidavit. The refund rule takes effect January 1, 2027. The customer must report the transaction within 60 days.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 29Chapter No. 2026-178; Companion bill(s) passed, see CS/CS/HB 1087 (Ch. 2026-130)Latest
- Jun 26Approved by Governor Ron DeSantisBecame Law
- Jun 15Signed by Officers and presented to GovernorTo Governor
- Mar 12Ordered engrossed, then enrolledMinor
- Vote recorded Passage. Result: pass.Lower
- Mar 12CS passed as amended; YEAS 107, NAYS 0Major
- Mar 12Amendment 518110 Concur
- Mar 12Added to Senate Message List
- Feb 25In Messages
- Vote recorded Third Reading. Result: pass.Upper
- Feb 25Immediately certified
- Feb 25CS passed as amended; YEAS 37 NAYS 0Passed Senate
- Feb 25Read 3rd timeMinor
- Feb 25Amendment(s) adopted (518110)
- Feb 25Read 2nd timeMinor
- Feb 25Substituted for CS/CS/SB 198
- Feb 25Placed on Calendar, on 2nd reading
- Feb 25Withdrawn from RulesMajor
- Feb 18ReceivedMinor
- Feb 18Referred to RulesMinor
- Feb 17In Messages
- Vote recorded Passage, Third Reading. Result: pass.Lower
- Feb 17CS passed; YEAS 108, NAYS 0Passed House
- Feb 17Read 3rd timeMinor
- Feb 17Added to Third Reading Calendar
- Feb 17Read 2nd timeMinor
- Feb 10Bill added to Special Order Calendar (2/17/2026)
- Feb 2Added to Second Reading Calendar
- Feb 2Bill referred to House Calendar
- Jan 291st Reading (Committee Substitute 1)Minor
- Jan 28CS FiledMinor
- Jan 28Laid on Table under Rule 7.18(a)Minor
- Jan 28Reported out of Commerce Committee
- Jan 27Favorable with CS by Commerce CommitteeMinor
- Vote recorded Favorable With Committee Substitute (Commerce Committee). Result: pass.Lower
- Jan 23Added to Commerce Committee agenda
- Jan 131st Reading (Original Filed Version)Minor
- 2025
- Dec 9Now in Commerce Committee
- Vote recorded Favorable (Insurance & Banking Subcommittee). Result: pass.Lower
- Dec 9Reported out of Insurance & Banking Subcommittee
- Dec 9Favorable by Insurance & Banking SubcommitteeMinor
- Dec 2Added to Insurance & Banking Subcommittee agenda
- Nov 24Now in Insurance & Banking Subcommittee
- Nov 24Referred to Commerce CommitteeMinor
- Nov 24Referred to Insurance & Banking SubcommitteeMinor
- Nov 20FiledIntroduced
- Dec 9Now in Commerce Committee
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