Florida (FL)
Overview
MTL required under FL Money Services Business Act (Chapter 560). OFR regulates. SB 1378 clarified virtual currency under money transmission. Office of Financial Regulation (OFR) enforces money transmitter requirements for crypto businesses. Issued cease-and-desist orders against unlicensed virtual currency kiosks and exchanges. Active cooperation with federal agencies on crypto fraud. SB 1382 (2023) updated money transmission laws to explicitly cover virtual currency. Florida Money Services Act
Regulatory Facts
Florida -- MTL required under FL Money Services Business Act (Chapter 560). OFR regulates. SB 1378 clarified virtual currency under money transmission.
Status: partial
Florida -- Office of Financial Regulation (OFR) enforces money transmitter requirements for crypto businesses. Issued cease-and-desist orders against unlicensed virtual currency kiosks and exchanges. Active cooperation with federal agencies on crypto fraud.
Status: active-enforcement
Florida -- SB 1382 (2023) updated money transmission laws to explicitly cover virtual currency. Florida Money Services Act requires licenses for crypto businesses. Digital Assets and Securities Bill modernizes securities framework for digital assets.
Status: partial