HB 1059 2024
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hb1059-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to fees; amending s. 560.502, F.S.; 2
providing nonrefundable fees for registration, 3
registration renewal, and late registration renewal 4
applications as virtual currency kiosk businesses; 5
providing that registration fees are not prorated; 6
providing a contingent effective date. 7
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Be It Enacted by the Legislature of the State of Florida: 9
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Section 1. Paragraph (a) of subsection (3) of s ection 11
560.502, Florida Statutes, as created by HB 977, 2024 Regular 12
Session, is amended, paragraph (c) is added to subsection (1), 13
and paragraphs (c) and (d) are added to subsection (4) of that 14
section, to read: 15
560.502 Virtual currency kiosk business r egistration.— 16
(1) To conduct business as a virtual currency kiosk 17
business, a person or entity must register with the office as a 18
virtual currency kiosk business by submitting all of the 19
following: 20
(c) A nonrefundable registration fee equal to the lice nse 21
application fee in s. 560.143(1)(b). 22
(3)(a) Registrations are to be renewed annually by 23
December 31 of the year of expiration. There shall be no 24
proration of the fee for any registration. To renew such 25
HB 1059 2024
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hb1059-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
registration, the registrant must submit to the office all of 26
the following: 27
1. The information required in subsection (2), or an 28
attestation stating that all the information remains the same as 29
the prior year. 30
2. Upon request, evidence that the registrant has been 31
operating in compliance with this part, as the commission may 32
require by rule, including, but not limited to: 33
a. Current disclosures presented to customers during the 34
transaction process. 35
b. Current use of blockchain analytics to prevent 36
transfers to wallet addresses linked to known cr iminal activity. 37
3. A nonrefundable registration renewal fee equal to the 38
license renewal fee in s. 560.143(2)(b). 39
(4) A virtual currency kiosk business that does not renew 40
its registration by December 31 of the year of expiration shall 41
become inactive. A virtual currency kiosk business may not 42
conduct business while its registration is inactive. The virtual 43
currency kiosk business may renew its inactive registration 44
within 60 days after the first day its registration becomes 45
inactive by submitting all of the following: 46
(c) A nonrefundable late registration renewal fee equal to 47
the late license renewal fee in s. 560.143(3)(b). 48
(d) A nonrefundable registration renewal fee equal to the 49
license renewal fee in s. 560.143(2)(b). 50
HB 1059 2024
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hb1059-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
Section 2. This act shall take effect on the same date 51
that HB 977 or similar legislation takes effect , if such 52
legislation is adopted in the same legislative session or an 53
extension thereof and becomes a law. 54