Florida House Bill 505, Virtual Currency Kiosks Signed by Governor!

Florida House Bill 505, Virtual Currency Kiosks

Link to bill information.

Bill Status: 

Signed into law by the Governor on June 26, 2026. This act will take effect January 1, 2027.

Key Provisions of HB 505:

• Regulates virtual currency kiosk businesses (crypto ATMs) in Florida.
• Requires crypto ATM operators register with the Office of Financial Regulation and adhere to security standards like displaying clear fraud warnings for customers.
• Sets daily transaction limits of $2,000 for new customers (users less than 7 days) and $10,000 for all other customers.
• Mandates crypto ATM operators issue a full refund to victims of fraud for their first transaction when reporting requirements are met.
• Requires crypto ATMs offer customers the option of receiving a printed receipt upon completion of transaction.

More Ways to Benefit

View All

MEMBERS ONLY

View Benefit

MEMBERS ONLY

View Benefit

MEMBERS ONLY

View Benefit

MEMBERS ONLY

View Benefit

MEMBERS ONLY

View Benefit

Previous Next

1. Related Benefit 1
2. Related Benefit 2
3. Related Benefit 3
4. Related Benefit 4
5. Related Benefit 5

Why It Matters:  

Scammers are using crypto ATMs to steal millions of dollars from Floridians every year – exploiting the lack of regulations and transaction limits to steal a person’s life savings in minutes. House Bill 505 provides critical fraud protections limiting how much Floridians can lose through these machines and ensuring customers receive the transaction details they’ll need to report cases of fraud to law enforcement.

Learn more about crypto ATM scams in Florida and how you can protect yourself by visiting the AARP Florida Crypto ATM Hub.

Check out AARP Florida’s Fraud Prevention page at www.aarp.org/FLFraud for more ways to protect yourself and others from fraud.