Florida Bitcoin ATM Regulations

Licensing Requirements

Florida’s Office of Financial Regulation licenses money transmitters under chapter 560 and has published alerts stating that selling virtual currency can require a money services business license.

Florida defines money transmission broadly and has expressly discussed virtual currency in its industry alerts and fintech policy materials.

Florida has not adopted a separate Bitcoin ATM law with kiosk-specific transaction limits or fee caps.

Federal Requirements

Federal rules still matter even where a state has no Bitcoin ATM-specific statute.

• Register with FinCEN as a money services business when required by federal law.
• Maintain a written anti-money-laundering program, designate a compliance officer, and train kiosk support staff.
• Use customer identification, sanctions screening, and scam-escalation procedures sized to transaction risk.
• File Suspicious Activity Reports and Currency Transaction Reports when thresholds or facts require them.

Consumer Protection Resources

Florida Office of Financial Regulation is the main public contact for scam complaints and consumer questions in Florida.

Consumers can start with Florida Office of Financial Regulation.

• Florida’s regulator has warned that unlicensed virtual currency selling activity can trigger penalties.
• Consumers should verify the business in NMLS Consumer Access and confirm whether the company is authorized in Florida.
• If the transfer was tied to a scam, preserve the receipt and report the matter quickly.

Legislative Reference

Primary state framework: Fla. Stat. ch. 560 (Money Services Businesses).

Primary regulator: Florida Office of Financial Regulation.

Florida relies on chapter 560 and OFR guidance rather than a Bitcoin ATM-specific consumer-protection statute.

Official source: state licensing and guidance materials.