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. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.