Republican Senator Colleen Burton introduces Senate Bill 662 in Florida, aiming to establish regulatory oversight for Bitcoin and crypto atm.
The global presence of crypto ATMs is substantial, with over 34,746 operational units worldwide, and the United States holds a significant share with approximately 29,043 facilities.
Republican Senator Colleen Burton has introduced Senate Bill 662 in an effort to establish regulatory oversight for Bitcoin and other virtual currency kiosks in the state of Florida. The bill, officially titled “Virtual Currency Kiosk Businesses,” aims to formalize the regulatory framework for this sector through state registration and supervision.
Under the proposed legislation, virtual currency kiosk businesses will be required to register with the state to operate legally, subjecting all crypto ATMs and kiosks to regulatory scrutiny. Furthermore, the bill mandates that certain entities obtain a license as money services businesses, introducing an additional la

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