The bill amends Florida Statutes to include owners and operators of virtual currency kiosks under the definition of "money transmitter," thereby subjecting them to specific regulations. It exempts these operators from license application and renewal fees if they are solely engaged in the business of operating a virtual currency kiosk. Additionally, the bill establishes a new section that outlines requirements for virtual currency kiosks, including mandatory disclosures to customers before transactions, daily transaction limits for new and existing customers, and the provision of detailed receipts after transactions.

Furthermore, the bill mandates that operators must issue full refunds of transaction fees within 72 hours if contacted by customers under certain conditions, such as providing a case number from law enforcement. The Financial Services Commission is authorized to adopt rules to implement these provisions. The effective date for this act is set for July 1, 2026.

Statutes affected:
H 505 c1: 560.103