SB 292 – Virtual Currency Kiosk Businesses

• Requires virtual currency kiosk businesses operating in Florida to register with the Office of Financial Regulation, with businesses operating before January 1, 2026, required to submit applications within 30 days of that date; registrations must be renewed annually by December 31 and are not transferable or assignable.

• Mandates that kiosks display fraud warning disclosures on two separate screens before any transaction, listing common scam types (frozen accounts, identity theft, romance scams, etc.) in at least 14-point type, and requires customers to attest they understand the risks of irreversible transactions and potential fund loss.

• 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, including licensed money transmitters (who are exempt from registration but not operational requirements), to use blockchain analytics to prevent transfers to wallet addresses linked to known criminal activity and maintain documented compliance policies.

• Imposes third-degree felony penalties for operating without registration, registering through fraud, or violating disclosure requirements; second-degree misdemeanor penalties apply for operating under an unregistered name, attempting to assign a registration, or failing to use blockchain analytics.