Loading chat...
FL H0319
Bill
Status
Failed
6/16/2025
Primary Sponsor
Thomas Fabricio
Click for details
AI Summary
- Creates Part V of Chapter 560, Florida Statutes, requiring virtual currency kiosk businesses to register with the Office of Financial Regulation, with registration effective March 1, 2026, and existing businesses required to apply within 30 days of January 1, 2026
- Mandates that virtual currency kiosks display two separate fraud warning screens before any transaction, listing common scam types such as frozen bank account claims, identity theft schemes, and romance scams, with all disclosures in at least 14-point type
- Requires kiosks to ask customers whether they are sending virtual currency to someone else's wallet; a "yes" response must automatically terminate the transaction
- Requires all owner-operators to maintain documented blockchain analytics policies and use blockchain analytics to prevent transfers to wallet addresses linked to known criminal activity
- Imposes third-degree felony penalties for operating without registration, violating disclosure requirements, or registering through fraud, and second-degree misdemeanor penalties for operating under an unregistered name, attempting to assign a registration, or failing to use blockchain analytics
Legislative Description
Virtual Currency Kiosk Businesses
Last Action
Died in Commerce Committee
6/16/2025
Committee Referrals
Commerce Committee3/14/2025
Insurance And Banking Subcommittee2/12/2025
Full Bill Text
No bill text available