FL H0977 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on March 8 2024 - 100% progression
Action: 2024-03-08 - Died in Insurance & Banking Subcommittee
Text: Latest bill text (Introduced) [PDF]
Spectrum: Bipartisan Bill
Status: Failed on March 8 2024 - 100% progression
Action: 2024-03-08 - Died in Insurance & Banking Subcommittee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires OFR to supervise virtual currency kiosk businesses; provides legislative intent; prohibits virtual currency kiosk business from operating without registering; requires certain entities to be licensed as money services businesses; provides that registration is not transferable or assignable; specifies requirements for certain disclosures & attestations; requires registrant to transact business under its legal name; requires registrant to hold new customers' assets in initial transactions in segregated wallets for specified period before initiating transactions; authorizes customers to request refunds during such holding periods; authorizes such customers' assets to be sold at market value & returned to customers; requires certain customers to be queried for specified information; provides criminal penalties.
Title
Virtual Currency Kiosk Businesses
Sponsors
| Rep. Kevin Steele [R] | Rep. Dan Daley [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-08 | House | Died in Insurance & Banking Subcommittee |
| 2024-01-09 | House | 1st Reading (Original Filed Version) |
| 2024-01-05 | House | Now in Insurance & Banking Subcommittee |
| 2024-01-05 | House | Referred to Commerce Committee |
| 2024-01-05 | House | Referred to State Administration & Technology Appropriations Subcommittee |
| 2024-01-05 | House | Referred to Insurance & Banking Subcommittee |
| 2023-12-20 | House | Filed |
Same As/Similar To
S662 (Similar To) 2024-03-08 - Died in Fiscal Policy
H1059 (Related) 2024-01-09 - Withdrawn prior to introduction
S1182 (Similar To) 2024-03-08 - Died in Banking and Insurance
H1059 (Related) 2024-01-09 - Withdrawn prior to introduction
S1182 (Similar To) 2024-03-08 - Died in Banking and Insurance
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 560 | 103 | Amended Code | See Bill Text | |
| 560 | 105 | Amended Code | See Bill Text | |
| 560 | 501 | Amended Code | See Bill Text | |
| 560 | 502 | Amended Code | See Bill Text | |
| 560 | 503 | Amended Code | See Bill Text | |
| 560 | 504 | Amended Code | See Bill Text | |
| 560 | 505 | Amended Code | See Bill Text | |
| 560 | 506 | Amended Code | See Bill Text | |
| 560 | 507 | Amended Code | See Bill Text |
Florida State Sources
| Type | Source |
|---|---|
| Summary | https://www.flsenate.gov/Session/Bill/2024/977 |
| Text | https://www.flsenate.gov/Session/Bill/2024/977/BillText/Filed/PDF |
