Florida's HB 505 Sets Daily Caps and Refund Rules for Virtual Currency Kiosks

Florida's HB 505, now Chapter 2026-178, establishes a regulatory framework for virtual currency kiosks, including fraud warnings, receipts, daily transaction caps, registration filings, and a conditional right to a refund. According to NS3.AI, most provisions of the act take effect Jan. 1, 2027. The law sets daily caps of $2,000 for new customers and $10,000 for existing customers.