FL
Florida House Bill H0319

Florida 2025 Regular Session

Florida House Bill H0319 Compare Versions

Only one version of the bill is available at this time.
OldNewDifferences
11
22
33 HB 319 2025
44
55
66
77 CODING: Words stricken are deletions; words underlined are additions.
88 hb319-00
99 Page 1 of 19
1010 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
1111
1212
1313
1414 A bill to be entitled 1
1515 An act relating to virtual currency kiosk businesses; 2
1616 amending s. 560.103, F.S.; defining terms and revising 3
1717 the definition of the term "control person"; amending 4
1818 s. 560.105, F.S.; requiring the Office of Financial 5
1919 Regulation of the Financial Services Comm ission to 6
2020 supervise virtual currency kiosk businesses; requiring 7
2121 that rules adopted to regulate virtual currency kiosk 8
2222 businesses be responsive to certain changes; creating 9
2323 part V of ch. 560, F.S., entitled "Virtual Currency 10
2424 Kiosk Businesses"; creating s. 560.501, F.S.; 11
2525 providing legislative intent; creating s. 560.502, 12
2626 F.S.; prohibiting a virtual currency kiosk business 13
2727 from operating without registering or renewing its 14
2828 registration in accordance with certain provisions; 15
2929 requiring the office to make certai n notifications; 16
3030 specifying that certain money transmitters are exempt 17
3131 from registration but are subject to certain 18
3232 provisions; requiring that certain entities that 19
3333 perform or prevent certain actions be licensed as 20
3434 money services businesses; providing crim inal 21
3535 penalties for certain entities that operate or solicit 22
3636 business as a virtual currency kiosk business under 23
3737 certain circumstances; providing criminal penalties 24
3838 for persons who register or attempt to register as a 25
3939
4040 HB 319 2025
4141
4242
4343
4444 CODING: Words stricken are deletions; words underlined are additions.
4545 hb319-00
4646 Page 2 of 19
4747 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
4848
4949
5050
5151 virtual currency kiosk business by cert ain means; 26
5252 providing that a virtual currency kiosk business 27
5353 registration is not transferable or assignable; 28
5454 creating s. 560.503, F.S.; specifying application 29
5555 requirements for registering as a virtual currency 30
5656 kiosk business; requiring certain virtual curre ncy 31
5757 kiosk businesses to submit an application within a 32
5858 specified timeframe; requiring a registrant to report 33
5959 certain changes in information within a specified 34
6060 timeframe; requiring a registrant to renew its 35
6161 registration within a specified timeframe; specify ing 36
6262 requirements for a registrant to renew its 37
6363 registration; requiring that the registration of a 38
6464 virtual currency kiosk business be made inactive if 39
6565 such business does not renew its registration by a 40
6666 certain date; specifying requirements for a virtual 41
6767 currency kiosk business to renew an inactive 42
6868 registration; providing that a registration becomes 43
6969 null and void under certain circumstances; providing 44
7070 requirements if a registration becomes null and void; 45
7171 requiring the office to deny certain applications 46
7272 under certain circumstances; providing that certain 47
7373 false statements made by a virtual currency kiosk 48
7474 business render its registration void; authorizing the 49
7575 commission to adopt rules; creating s. 560.504, F.S.; 50
7676
7777 HB 319 2025
7878
7979
8080
8181 CODING: Words stricken are deletions; words underlined are additions.
8282 hb319-00
8383 Page 3 of 19
8484 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
8585
8686
8787
8888 specifying requirements for specified disclosures and 51
8989 attestations displayed by a virtual currency kiosk; 52
9090 authorizing the commission to adopt rules; creating s. 53
9191 560.505, F.S.; requiring an owner -operator to transact 54
9292 business under the legal name by which it is 55
9393 registered; providing exceptions; requiring a n owner-56
9494 operator to maintain certain policies, processes, and 57
9595 procedures; requiring an owner -operator to use 58
9696 blockchain analytics; creating s. 506.506, F.S.; 59
9797 providing criminal penalties; authorizing a court to 60
9898 invalidate the registration of a registrant u nder 61
9999 certain circumstances; providing effective dates. 62
100100 63
101101 Be It Enacted by the Legislature of the State of Florida: 64
102102 65
103103 Section 1. Present subsections (4) through (28) and (29) 66
104104 through (36) of section 560.103, Florida Statutes, are 67
105105 redesignated as subsections (5) through (29) and (31) through 68
106106 (38), respectively, new subsections (4) and (30) and subsections 69
107107 (39) through (42) are added to that section, and present 70
108108 subsection (10) of that section is amended, to read: 71
109109 560.103 Definitions. —As used in this chapter, the term: 72
110110 (4) "Blockchain analytics" means the process of examining, 73
111111 monitoring, and gathering insights from the data and transaction 74
112112 patterns on a blockchain network. The primary aims of blockchain 75
113113
114114 HB 319 2025
115115
116116
117117
118118 CODING: Words stricken are deletions; words underlined are additions.
119119 hb319-00
120120 Page 4 of 19
121121 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
122122
123123
124124
125125 analytics are to understand and monitor the n etwork's health, 76
126126 track transaction flows, and identify potential security 77
127127 threats, including illicit activity, in order to extract 78
128128 actionable insights. 79
129129 (11)(10) "Control person" means, with respect to a money 80
130130 services business or virtual currency kiosk b usiness, any of the 81
131131 following: 82
132132 (a) A person who holds the title of president, treasurer, 83
133133 chief executive officer, chief financial officer, chief 84
134134 operations officer, chief legal officer, or compliance officer 85
135135 for a money services business or virtual currency kiosk 86
136136 business. 87
137137 (b) A person who holds any of the officer, general 88
138138 partner, manager, or managing member positions named in the 89
139139 money services business's or virtual currency kiosk business's 90
140140 governing documents. As used in this paragraph, the term 91
141141 "governing documents" includes bylaws, articles of incorporation 92
142142 or organization, partnership agreements, shareholder agreements, 93
143143 and management or operating agreements. 94
144144 (c) A director of the money services business's or virtual 95
145145 currency kiosk business's board of directors. 96
146146 (d) A shareholder in whose name shares are registered in 97
147147 the records of a corporation for profit, whether incorporated 98
148148 under the laws of this state or organized under the laws of any 99
149149 other jurisdiction and existing in that legal form, w ho owns 25 100
150150
151151 HB 319 2025
152152
153153
154154
155155 CODING: Words stricken are deletions; words underlined are additions.
156156 hb319-00
157157 Page 5 of 19
158158 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
159159
160160
161161
162162 percent or more of a class of the company's equity securities. 101
163163 (e) A general partner or a limited partner, as those terms 102
164164 are defined in s. 620.1102, who has a 25 percent or more 103
165165 transferable interest, as defined in s. 620.1102, of a limited 104
166166 partnership, limited liability limited partnership, foreign 105
167167 limited partnership, or foreign limited liability limited 106
168168 partnership, as those terms are defined in s. 620.1102. 107
169169 (f) A member, who is a person that owns a membership 108
170170 interest in a limited liabil ity company or a foreign limited 109
171171 liability company, as those terms are defined in s. 605.0102(36) 110
172172 and (26), respectively, that holds a 25 percent or more 111
173173 membership interest in such company. As used in this subsection, 112
174174 the term "membership interest" means a member's right to receive 113
175175 distributions or other rights, such as voting rights or 114
176176 management rights, under the articles of organization. 115
177177 (g) A natural person who indirectly owns 25 percent or 116
178178 more of the shares or stock interest, transferable interest as 117
179179 defined in s. 620.1102, or membership interest as defined in 118
180180 paragraph (f), of any legal entities referred to in paragraphs 119
181181 (d)-(f). 120
182182 (30) "Owner-operator" means a registrant or a licensed 121
183183 money services business. 122
184184 (39) "Virtual currency kiosk" means an electronic terminal 123
185185 that acts as a mechanical agent of the owner -operator, enabling 124
186186 the owner-operator to facilitate the exchange of virtual 125
187187
188188 HB 319 2025
189189
190190
191191
192192 CODING: Words stricken are deletions; words underlined are additions.
193193 hb319-00
194194 Page 6 of 19
195195 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
196196
197197
198198
199199 currency for fiat currency or other virtual currency for a 126
200200 customer. 127
201201 (40) "Virtual currency kiosk business" or "registrant" 128
202202 means a corporation, limited liability company, limited 129
203203 liability partnership, or foreign entity qualified to do 130
204204 business in this state which operates a virtual currency kiosk 131
205205 and which is not a money tran smitter as defined in this section. 132
206206 (41) "Virtual currency kiosk transaction" means the 133
207207 process in which a customer uses a virtual currency kiosk to 134
208208 exchange virtual currency for fiat currency or other virtual 135
209209 currency. A transaction begins at the point at which the 136
210210 customer is able to initiate a transaction after the customer is 137
211211 given the option to select the type of transaction or account, 138
212212 and does not include any of the screens that display the 139
213213 required terms and conditions, disclaimers, or attestation s. 140
214214 (42) "Wallet" means hardware or software that enables 141
215215 customers to store and use virtual currency. 142
216216 Section 2. Paragraph (a) of subsection (1) and paragraph 143
217217 (b) of subsection (2) of section 560.105, Florida Statutes, are 144
218218 amended to read: 145
219219 560.105 Supervisory powers; rulemaking. — 146
220220 (1) The office shall: 147
221221 (a) Supervise all money services businesses and their 148
222222 authorized vendors and virtual currency kiosk businesses . 149
223223 (2) The commission may adopt rules pursuant to ss. 150
224224
225225 HB 319 2025
226226
227227
228228
229229 CODING: Words stricken are deletions; words underlined are additions.
230230 hb319-00
231231 Page 7 of 19
232232 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
233233
234234
235235
236236 120.536(1) and 120.54 to adminis ter this chapter. 151
237237 (b) Rules adopted to regulate money services businesses, 152
238238 including deferred presentment providers and virtual currency 153
239239 kiosk businesses, must be responsive to changes in economic 154
240240 conditions, technology, and industry practices. 155
241241 Section 3. Part V of chapter 560, Florida Statutes, 156
242242 consisting of ss. 560.501 -560.506, Florida Statutes, is created 157
243243 and entitled "Virtual Currency Kiosk Businesses." 158
244244 Section 4. Section 560.501, Florida Statutes, is created 159
245245 to read: 160
246246 560.501 Legislative int ent.—The Legislature intends to 161
247247 reduce unlawful and fraudulent activities by requiring virtual 162
248248 currency kiosk businesses to register with the state and by 163
249249 requiring such businesses and money transmitter licensees to 164
250250 regularly and consistently disclose to a ll customers of virtual 165
251251 currency kiosks certain specified risks relating to virtual 166
252252 currency kiosk transactions. 167
253253 Section 5. Effective March 1, 2026, section 560.502, 168
254254 Florida Statutes, is created to read: 169
255255 560.502 Registration required; exemptions; pen alties.— 170
256256 (1) A virtual currency kiosk business in this state may 171
257257 not operate without first registering, or renewing its 172
258258 registration, in accordance with s. 560.503. The office shall 173
259259 give written notice, in person or by mail, to each applicant 174
260260 that the agency has granted or denied the application for 175
261261
262262 HB 319 2025
263263
264264
265265
266266 CODING: Words stricken are deletions; words underlined are additions.
267267 hb319-00
268268 Page 8 of 19
269269 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
270270
271271
272272
273273 registration. 176
274274 (2) A money transmitter licensed as a money services 177
275275 business pursuant to s. 560.141 is exempt from registration as a 178
276276 virtual currency kiosk business but is subject to ss. 560.504, 179
277277 560.505, and 560.506. 180
278278 (3) An entity, in the course of its business, may not act 181
279279 as an intermediary with the ability to unilaterally execute or 182
280280 indefinitely prevent a virtual currency kiosk transaction, or 183
281281 otherwise meet the definition of a money transmitter as defin ed 184
282282 in s. 560.103, without being licensed as a money services 185
283283 business pursuant to part II of this chapter. 186
284284 (4) Unless licensed as a money services business pursuant 187
285285 to part II of this chapter, an entity that operates or solicits 188
286286 business as a virtual cur rency kiosk business without first 189
287287 being registered with the office or without maintaining its 190
288288 registration commits a felony of the third degree, punishable as 191
289289 provided in s. 775.082, s. 775.083, or s. 775.084. 192
290290 (5) A person who registers or attempts to r egister as a 193
291291 virtual currency kiosk business by means of fraud, 194
292292 misrepresentation, or concealment commits a felony of the third 195
293293 degree, punishable as provided in s. 775.082, s. 775.083, or s. 196
294294 775.084. 197
295295 (6) A virtual currency kiosk business registration is sued 198
296296 under this part is not transferable or assignable. 199
297297 Section 6. Section 560.503, Florida Statutes, is created 200
298298
299299 HB 319 2025
300300
301301
302302
303303 CODING: Words stricken are deletions; words underlined are additions.
304304 hb319-00
305305 Page 9 of 19
306306 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
307307
308308
309309
310310 to read: 201
311311 560.503 Registration applications. — 202
312312 (1) To apply to be registered as a virtual currency kiosk 203
313313 business under this part, the ap plicant must submit all of the 204
314314 following to the office: 205
315315 (a) A completed registration application on forms 206
316316 prescribed by rule of the commission. The application must 207
317317 include the following information: 208
318318 1. The legal name, including any fictitious or trade names 209
319319 used by the applicant in the conduct of its business, and the 210
320320 physical and mailing address of the applicant. 211
321321 2. The date of the applicant's formation and the state in 212
322322 which the applicant was formed, if applicable. 213
323323 3. The name, social security number, alien identification 214
324324 or taxpayer identification number, business and residence 215
325325 addresses, and employment history for the past 5 years for each 216
326326 control person as defined in 560.103. 217
327327 4. A description of the organizational structure of the 218
328328 applicant, including the identity of any parent or subsidiary of 219
329329 the applicant, and the disclosure of whether any parent or 220
330330 subsidiary is publicly traded. 221
331331 5. The name of the registered agent in this state for 222
332332 service of process. 223
333333 6. The physical address of the location of each virtual 224
334334 currency kiosk through which the applicant proposes to conduct 225
335335
336336 HB 319 2025
337337
338338
339339
340340 CODING: Words stricken are deletions; words underlined are additions.
341341 hb319-00
342342 Page 10 of 19
343343 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
344344
345345
346346
347347 or is conducting business in this state. 226
348348 7. An attestation that the applicant has developed clearly 227
349349 documented policies, processes, an d procedures regarding the use 228
350350 of blockchain analytics to prevent transfers to wallet addresses 229
351351 linked to known criminal activity, including the manner in which 230
352352 such blockchain analytics activity will integrate into its 231
353353 compliance controls, and that the ap plicant will maintain and 232
354354 comply with such blockchain analytics policies, processes, and 233
355355 procedures. 234
356356 8. Any other information as required by this chapter or 235
357357 commission rule. 236
358358 (b) Any information needed to resolve any deficiencies 237
359359 found in the applicatio n within a time period prescribed by 238
360360 rule. 239
361361 (2) A virtual currency kiosk business operating in this 240
362362 state on or before January 1, 2026, must submit a registration 241
363363 application to the office within 30 days after that date. 242
364364 (3) A registrant shall report, o n a form prescribed by 243
365365 rule of the commission, any change in the information contained 244
366366 in an initial application form or an amendment thereto within 30 245
367367 days after the change is effective. 246
368368 (4) A registrant must renew its registration annually on 247
369369 or before December 31 of the year preceding the expiration date 248
370370 of the registration. To renew such registration, the registrant 249
371371 must submit a renewal application that provides: 250
372372
373373 HB 319 2025
374374
375375
376376
377377 CODING: Words stricken are deletions; words underlined are additions.
378378 hb319-00
379379 Page 11 of 19
380380 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
381381
382382
383383
384384 (a) The information required in paragraph (1)(a) if there 251
385385 are changes in the applicati on information, or an affidavit 252
386386 signed by the registrant that the information remains the same 253
387387 as the prior year. 254
388388 (b) Upon request by the office, evidence that the 255
389389 registrant has been operating in compliance with ss. 560.504 and 256
390390 560.505. Such evidence ma y be prescribed by rule by the 257
391391 commission and may include, but need not be limited to, all of 258
392392 the following: 259
393393 1. Current disclosures presented to customers during the 260
394394 transaction process. 261
395395 2. Current use of blockchain analytics to prevent 262
396396 transfers to wallet addresses linked to known criminal activity. 263
397397 (5) The registration of a virtual currency kiosk business 264
398398 that does not renew its registration by December 31 of the year 265
399399 of expiration must be made inactive for 60 days. A virtual 266
400400 currency kiosk business may not conduct business while its 267
401401 registration is inactive. 268
402402 (6) To renew an inactive registration, a virtual currency 269
403403 kiosk business must, within 60 days after the registration 270
404404 becomes inactive, submit all of the following: 271
405405 (a) The information requir ed in paragraph (1)(a) if there 272
406406 are changes in the application information or an affidavit 273
407407 signed by the registrant that the information remains the same 274
408408 as the prior year. 275
409409
410410 HB 319 2025
411411
412412
413413
414414 CODING: Words stricken are deletions; words underlined are additions.
415415 hb319-00
416416 Page 12 of 19
417417 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
418418
419419
420420
421421 (b) Evidence that the registrant was operating in 276
422422 compliance with ss. 560.504 and 560.505. Such evidence may be 277
423423 prescribed by rule by the commission and may include, but need 278
424424 not be limited to, all of the following: 279
425425 1. Current disclosures presented to customers during the 280
426426 transaction process. 281
427427 2. Current use of blockchain analytics to prevent 282
428428 transfers to wallet addresses linked to known criminal activity. 283
429429 284
430430 Any renewal registration made pursuant to this subsection 285
431431 becomes effective upon the date the office approves the 286
432432 application for registration. The office shall approve the 287
433433 renewal registration within a timeframe prescribed by rule. 288
434434 (7) Failure to submit an application to renew a virtual 289
435435 currency kiosk business's registration within 60 days after the 290
436436 registration becomes inactive shall result in the registration 291
437437 becoming null and void. If the registration is null and void, a 292
438438 new application to register the virtual currency kiosk business 293
439439 pursuant to subsection (1) must be submitted to the office and a 294
440440 certification of registration must be issued by the office 295
441441 before the virtual cu rrency kiosk business may conduct business 296
442442 in this state. 297
443443 (8) If a control person of a registrant or prospective 298
444444 registrant has engaged in any unlawful business practice, or 299
445445 been convicted or found guilty of, or pled guilty or nolo 300
446446
447447 HB 319 2025
448448
449449
450450
451451 CODING: Words stricken are deletions; words underlined are additions.
452452 hb319-00
453453 Page 13 of 19
454454 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
455455
456456
457457
458458 contendere to, regardl ess of adjudication, a crime involving 301
459459 dishonest dealing, fraud, acts of moral turpitude, or other acts 302
460460 that reflect an inability to engage lawfully in the business of 303
461461 a registered virtual currency kiosk business, the office must 304
462462 deny the prospective regis trant's initial registration 305
463463 application or the registrant's renewal application. 306
464464 (9) The office shall deny the application of a virtual 307
465465 currency kiosk business that submits a renewal application and 308
466466 fails to provide evidence of compliance upon request p ursuant to 309
467467 paragraph (4)(b) or as required in paragraph (6)(b). 310
468468 (10) Any false statement made by a virtual currency kiosk 311
469469 business with respect to the name of the business or its 312
470470 business address or location in any application for registration 313
471471 under this section renders the registration void. A void 314
472472 registration may not be construed as creating a defense to any 315
473473 prosecution for violation of this chapter. 316
474474 (11) The commission may adopt rules to administer this 317
475475 section. 318
476476 Section 7. Section 560.504, Flori da Statutes, is created 319
477477 to read: 320
478478 560.504 Disclosures. — 321
479479 (1) Disclosures or attestations required by this section 322
480480 and displayed by a virtual currency kiosk must meet all of the 323
481481 following requirements: 324
482482 (a) Be full and complete. 325
483483
484484 HB 319 2025
485485
486486
487487
488488 CODING: Words stricken are deletions; words underlined are additions.
489489 hb319-00
490490 Page 14 of 19
491491 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
492492
493493
494494
495495 (b) Contain no material misrepresentations. 326
496496 (c) Be readily understandable and in the language in which 327
497497 the virtual currency kiosk transaction is conducted. 328
498498 (d) Be displayed in at least 14 -point type. 329
499499 (2) Before authorizing a customer to initiate a virtual 330
500500 currency kiosk transaction, the owner -operator shall ensure that 331
501501 the virtual currency kiosk displays the disclosures in this 332
502502 section on two separate screens. 333
503503 (a) The first disclosure must be in substantially the 334
504504 following form: 335
505505 336
506506 WARNING: CONSUMER FRAUD OFTEN STARTS WITH CONTACT FROM 337
507507 A STRANGER WHO IS INITIATING A DISHONEST SCHEME. 338
508508 339
509509 I UNDERSTAND THAT DISHONEST SCHEMES MAY APPEAR IN MANY 340
510510 FORMS, INCLUDING, BUT NOT LIMITED TO: 341
511511 1. Claims of a frozen bank account or credit card. 342
512512 2. Fraudulent bank transactions. 343
513513 3. Claims of identity theft or job offerings in 344
514514 exchange for payments. 345
515515 4. Requests for payments to government agencies or 346
516516 companies. 347
517517 5. Requests for disaster relief donations or loans. 348
518518 6. Offers to purchase tickets for lotteries, 349
519519 sweepstakes, or drawings for v ehicles. 350
520520
521521 HB 319 2025
522522
523523
524524
525525 CODING: Words stricken are deletions; words underlined are additions.
526526 hb319-00
527527 Page 15 of 19
528528 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
529529
530530
531531
532532 7. Prompts to click on desktop pop -ups, such as virus 351
533533 warnings or communication from alleged familiar 352
534534 merchants. 353
535535 8. Communication from someone impersonating a 354
536536 representative of your bank or a law enforcement 355
537537 officer. 356
538538 9. Requests from persons who are impersonating 357
539539 relatives or friends in need or promoting investment 358
540540 or romance scams. 359
541541 360
542542 PROTECT YOURSELF FROM FRAUD. NEVER SEND MONEY TO 361
543543 SOMEONE YOU DON'T KNOW. 362
544544 363
545545 (b) The second disclosure must be in substantially the 364
546546 following form: 365
547547 366
548548 WARNING: FUNDS LOST DUE TO USER ERROR OR FRAUD MAY NOT 367
549549 BE RECOVERABLE. TRANSACTIONS CONDUCTED ON THIS VIRTUAL 368
550550 CURRENCY KIOSK ARE IRREVERSIBLE. I UNDERSTAND THESE 369
551551 RISKS AND WISH TO CONTINUE WITH CONDUCTING MY VIRTUAL 370
552552 CURRENCY KIOSK TRANSACTION. 371
553553 372
554554 PROTECT YOURSELF FROM FRAUD. NEVER SEND MONEY TO 373
555555 SOMEONE YOU DON'T KNOW. 374
556556 375
557557
558558 HB 319 2025
559559
560560
561561
562562 CODING: Words stricken are deletions; words underlined are additions.
563563 hb319-00
564564 Page 16 of 19
565565 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
566566
567567
568568
569569 (3)(a) After the disclosures provided in subsection (2) 376
570570 are acknowledged by the customer, the virtual currency kiosk 377
571571 business shall ensure that the virtual currency kiosk displays 378
572572 on a pop-up window the following question to the customer: "ARE 379
573573 YOU USING THIS KIOSK TO SEND VIRTUAL CURRENCY TO A WALLET OWNED 380
574574 BY SOMEONE ELSE?" 381
575575 (b) The virtual currency kiosk business shall require the 382
576576 customer to respond to the question in paragraph (a) with a "no" 383
577577 response before the customer can proceed to the attestation 384
578578 required in subsection (4). 385
579579 (c) The virtual currency kiosk business shall ensure that 386
580580 the virtual currency kiosk terminates a customer's virtual 387
581581 currency kiosk transaction if the customer provides a "y es" 388
582582 response to the question in paragraph (a). 389
583583 (4) After the disclosures provided in subsection (2) and, 390
584584 with respect to virtual currency kiosk businesses, an answer of 391
585585 "no" to the question provided in paragraph (3)(a), the owner -392
586586 operator must ensure tha t the virtual currency kiosk displays, 393
587587 on a screen by itself, a toll -free number for the customer to 394
588588 contact regarding the risk of engaging in virtual currency 395
589589 transactions and the following attestation in substantially the 396
590590 following form: 397
591591 398
592592 I ATTEST THAT I HAVE BEEN GIVEN A TOLL -FREE NUMBER AND 399
593593 THAT I HAVE HAD AN OPPORTUNITY TO CALL THE NUMBER TO 400
594594
595595 HB 319 2025
596596
597597
598598
599599 CODING: Words stricken are deletions; words underlined are additions.
600600 hb319-00
601601 Page 17 of 19
602602 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
603603
604604
605605
606606 SPEAK WITH SOMEONE REGARDING THE RISKS OF ENGAGING IN 401
607607 VIRTUAL CURRENCY KIOSK TRANSACTIONS. I FURTHER ATTEST 402
608608 THAT I UNDERSTAND THAT I MAY BE SOLELY RESPONSIBLE FOR 403
609609 LOSS OF FUNDS DUE TO USER ERROR OR FRAUD. 404
610610 405
611611 (a) If a customer makes the attestation in this 406
612612 subsection, the virtual currency kiosk may allow the customer to 407
613613 proceed with the virtual currency kiosk transaction. 408
614614 (b) If the customer does not make the attes tation in this 409
615615 subsection, the owner -operator must ensure that the virtual 410
616616 currency kiosk terminates the customer's virtual currency kiosk 411
617617 transaction. 412
618618 (5) The commission may adopt rules to administer this 413
619619 section and to ensure that virtual currency kios k disclosures 414
620620 are responsive to consumer fraud and emerging technology. 415
621621 Section 8. Section 560.505, Florida Statutes, is created 416
622622 to read: 417
623623 560.505 Conduct of business. — 418
624624 (1) An owner-operator may transact business under this 419
625625 part only under the legal name by which such business is 420
626626 registered. The use of a fictitious name is allowed if the 421
627627 fictitious name has been registered with the Department of State 422
628628 and disclosed to the office as part of an initial registration 423
629629 or license application, or subsequent amendment to the 424
630630 application, before its use. 425
631631
632632 HB 319 2025
633633
634634
635635
636636 CODING: Words stricken are deletions; words underlined are additions.
637637 hb319-00
638638 Page 18 of 19
639639 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
640640
641641
642642
643643 (2) An owner-operator must maintain clearly documented 426
644644 policies, processes, and procedures with regard to the manner in 427
645645 which the blockchain analytics activity integrates into their 428
646646 compliance controls. An o wner-operator must use blockchain 429
647647 analytics to prevent transfers to wallet addresses linked to 430
648648 known criminal activity. 431
649649 Section 9. Section 560.506, Florida Statutes, is created 432
650650 to read: 433
651651 560.506 Penalties.— 434
652652 (1) An owner-operator of a virtual currenc y kiosk which 435
653653 violates s. 560.504 commits a felony of the third degree, 436
654654 punishable as provided in s. 775.082, s. 775.083, or s. 775.084. 437
655655 (2) Each of the following violations constitutes a 438
656656 misdemeanor of the second degree, punishable as provided in s. 439
657657 775.082 or s. 775.083: 440
658658 (a) Operating a virtual currency kiosk under any name 441
659659 other than that designated in the registration, unless written 442
660660 notification is given to the office. 443
661661 (b) Assigning or attempting to assign a virtual currency 444
662662 kiosk business regist ration issued under this part. 445
663663 (c) Operating a virtual currency kiosk without the use of 446
664664 blockchain analytics as required under s. 560.505. 447
665665 (3) In addition to the criminal penalties provided in this 448
666666 section, a court may invalidate the registration of a ny 449
667667 registrant under this part who has been found guilty of conduct 450
668668
669669 HB 319 2025
670670
671671
672672
673673 CODING: Words stricken are deletions; words underlined are additions.
674674 hb319-00
675675 Page 19 of 19
676676 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
677677
678678
679679
680680 punishable under subsection (1) or subsection (2). 451
681681 Section 10. Except as otherwise expressly provided in this 452
682682 act, this act shall take effect January 1, 2026. 453