Florida HB 505: Estates and Trusts

Bill Text

ENROLLED
CS/HB 505, Engrossed 1 2026 Legislature

CODING: Words stricken are deletions; words underlined are additions.
hb505 -02-er
Page 1 of 18
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

1
An act relating to virtual currency kiosks; amending 2
s. 560.103, F.S.; revising the definition of the term 3
"money services business"; defining terms; amending s. 4
560.105, F.S.; revising the requirements for certain 5
rules adopted by the Financial Services Commission; 6
amending s. 560.114, F.S.; revising the actions by 7
money services businesses, authorized vendors, or 8
affiliated parties which constitute grounds for 9
disciplinary action; amending s. 560.125, F.S.; 10
prohibiting persons from engaging in certain business 11
unless they are registered or exempt from 12
registration; creating part V of ch. 560, F.S., 13
entitled "Virtual Currency Kiosk Businesses"; creating 14
s. 560.501, F.S.; defining terms; creating s. 560.502, 15
F.S.; prohibiting a virtual currency kiosk business 16
from operating in this state without registering or 17
renewing its registration; requiring the Office of 18
Financial Regulation to give a specified notice to 19
applicants; specifying that certain money transmitters 20
are exempt from registration as a virtual currency 21
kiosk business but are subject to certain provisions; 22
prohibiting certain entities from performing certain 23
actions without being licensed as a money services 24
business; specifying that virtual currency kiosk 25

ENROLLED
CS/HB 505, Engrossed 1 2026 Legislature

CODING: Words stricken are deletions; words underlined are additions.
hb505 -02-er
Page 2 of 18
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

business registrations are not transferable or 26
assignable; creating s. 560.503, F.S.; requiring 27
applicants to submit certain information to the office 28
to be registered as a virtual currency kiosk business; 29
requiring certain virtual currency kiosk businesses to 30
submit a registration application to the office by a 31
specified date; requiring registrants to report a 32
change in the information within a specified 33
timeframe; requiring registrants to renew their 34
registration annually; specifying requirements for a 35
renewal application; requiring registrants to be made 36
inactive for a specified timeframe under certain 37
circumstances; prohibiting registrants from conducting 38
business while registration is inactive; specifying 39
requirements for registrants to renew an inactive 40
registration; providing that a renewal registration 41
becomes effective on a specified date; requiring the 42
office to approve applications for renewal 43
registration within a specified timeframe; providing 44
that a registration expires under certain 45
circumstances; providing requirements if a 46
registration expires; authorizing the office to deny 47
certain applications under certain circumstances; 48
providing that certain false statements made by a 49
virtual currency kiosk business render its 50

ENROLLED
CS/HB 505, Engrossed 1 2026 Legislature

CODING: Words stricken are deletions; words underlined are additions.
hb505 -02-er
Page 3 of 18
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 void; providing construction; creating s. 51
560.504, F.S.; requiring a virtual currency kiosk 52
business to ensure that its virtual currency kiosk 53
requires certain attestations from the customer and 54
displays a certain disclosure; creating s. 560.505, 55
F.S.; prohibiting a virtual currency kiosk business 56
from permitting new or existing customers from 57
transacting more than specified dollar amounts per 58
calendar day; creating s. 560.506, F.S.; requiring a 59
virtual currency kiosk business to provide a customer 60
with a specified physical or electronic receipt upon 61
completion of a virtual currency transaction; creating 62
s. 560.507, F.S.; requiring a virtual currency kiosk 63
business to issue a full refund under certain 64
circumstances; providing effective dates. 65
66
Be It Enacted by the Legislature of the State of Florida: 67
68
Section 1. Subsection (23) of section 560.103, Florida 69
Statutes, is amended, and subsections (37), (38), and (39) are 70
added to that section, to read: 71
560.103 Definitions.—As used in this chapter, the term: 72
(23) "Money services business" means any person located in 73
or doing business in this state, from this state, or into this 74
state from locations outside this state or country who acts as a 75

ENROLLED
CS/HB 505, Engrossed 1 2026 Legislature

CODING: Words stricken are deletions; words underlined are additions.
hb505 -02-er
Page 4 of 18
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

payment instrument seller, foreign currency exchanger, check 76
casher, or money transmitter, or virtual currency kiosk 77
business. 78
(37) "Virtual currency kiosk" means an electronic terminal 79
that acts as a mechanical agent of the kiosk business, en