A new Florida law caps daily crypto kiosk transactions at $2,000 for new customers and $10,000 for existing ones—and most business owners haven't heard about it yet.
Most auto service owners in Florida don't realize that a provision buried deep in H0505, the state's virtual currency kiosk bill, could directly affect their revenue if they operate or plan to operate a crypto kiosk on their premises.
Here's what you need to know.
Effective January 1, 2027, Florida H0505 imposes hard caps on daily customer transactions for every virtual currency kiosk business. The limits are strict:
These caps apply across all kiosks a business operates. You cannot simply add more machines to bypass the limit. The law requires transaction-level tracking and enforcement infrastructure to ensure compliance.
The provision appears in Section 10 (s. 560.505) on page 17 of the bill.
If you currently operate a virtual currency kiosk at your auto service location—or have considered adding one as a revenue stream—this directly impacts your business model.
The transaction caps limit throughput regardless of demand. On a busy day, you may hit the $10,000 cap for existing customers by mid-afternoon, forcing you to turn away transactions for the rest of the day. New customer transactions are capped even lower, at $2,000 daily.
This is not a per-transaction limit. It's a daily aggregate ceiling that resets each calendar day.
Two key dates matter:
If you operate a virtual currency kiosk, you'll need to implement systems that track and enforce these daily limits automatically. This means your kiosk provider or your internal payment processing must be configured to decline transactions once the daily cap is reached.
You should also plan for the March 1, 2027 registration deadline. The exact registration process and requirements are defined elsewhere in the statute, so review those details with your compliance team or attorney.
If crypto kiosks are part of your revenue strategy, the caps in H0505 will reduce your daily transaction volume and require new compliance infrastructure. The earlier you understand these limits and plan your operations around them, the better you can manage cash flow and customer expectations.
The law is real, the dates are firm, and the caps are non-negotiable. Plan accordingly.
Source: Florida H0505, Section 10 (s. 560.505), page 17; effective January 1, 2027 (transaction caps), March 1, 2027 (registration requirement).