Florida law targets crypto kiosk scammers with new regulations

Florida HB 505, effective January 1, 2027, introduces regulatory requirements for cryptocurrency kiosks including mandatory registration, transaction caps ($2,000 new/$10,000 existing customers), blockchain analytics integration to block illicit wallets, and 72-hour refund guarantees for fraud reports. The law targets widespread scam activity that extracted $2.75M from Flagler County residents in two years.

This Wire brief sits within Fusion42's coverage of Fintech.