Florida § 560.602 - Registration required; exemptions; penalties.
Full text of Florida Florida Statutes § 560.602 — Registration required; exemptions; penalties., with citation guidance and answers to common questions.
§ 560.602. Registration required; exemptions; penalties.
(1) Except as provided in subsection (2), a virtual currency kiosk business may not operate in this state without first registering, or renewing its registration, in accordance with s. 560.603. The office shall give written notice to each applicant that the office has granted or denied the application for registration. (2) A money transmitter that is licensed as a money services business pursuant to s. 560.141 and offers virtual currency kiosk services is exempt from registration as a virtual currency kiosk business but is subject to ss. 560.604, 560.605, 560.606, and 560.607. (3) An entity, in the course of its business, may not act as an intermediary with the ability to unilaterally execute or indefinitely prevent a virtual currency kiosk transaction, or otherwise meet the definition of a money transmitter as defined in s. 560.103, without being licensed as a money services business pursuant to s. 560.141. (4) A virtual currency kiosk business registration issued under this part is not transferable or assignable.
Frequently Asked Questions About Florida § 560.602
What does Florida Statutes § 560.602 cover?
Section 560.602 ("Registration required; exemptions; penalties.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 560.602?
A common citation format is "Florida Statutes § 560.602" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 560.602 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.