Fla. Stat. § 560.204
License required
Florida · Florida Statutes Chapter 560 — MONEY SERVICES BUSINESSES · Status: effective
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- Citation
- Fla. Stat. § 560.204, License required, Florida, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1151933
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Full text
(1) Unless exempted, a person may not engage in, or in any manner advertise that they engage in, the activity of a payment instrument seller or money transmitter, for compensation, without first obtaining a license under this part. For purposes of this subsection, the term “compensation” includes profit or loss on the exchange of currency, monetary value, or virtual currency.
(2) A licensee under this part may also engage in the activities authorized under part III of this chapter without the imposition of any additional licensing fees.