Florida (FL)
Money transmission and virtual currency licensing planning data for Florida.
Population weight (planning): 6.79% · Back to matrix · Launch map
How to read this page: confirmed cells are checked against a primary regulatory source and dated. Under review marks a cell where primary sources conflict or a figure awaits confirmation.
MTL required
Yes. Florida's 'money transmitter' definition expressly includes receiving virtual currency for the purpose of transmitting it, and the licence-required section states that compensation includes profit or loss on the exchange of currency, monetary value or virtual currency, so a CVC exchange with a fiat ramp needs the Part II Money Transmitter licence.
Verified 2026-07-16. Source
Fiat treatment
Yes. 'Money transmitter' is defined to include receiving currency or monetary value to act as an intermediary in transmitting it, and the licence-required section separately confirms that compensation from exchanging currency alone commonly triggers the Part II licensing requirement.
Verified 2026-07-16. Source
Virtual currency treatment
Inside the statute. 'Virtual currency' is separately defined at 560.103(36), added by 2022 amendments, and 'money transmitter' at 560.103(24) expressly covers receiving or transmitting virtual currency; 'monetary value' at 560.103(22) expressly excludes virtual currency, so it is its own defined category brought within the same money transmitter licence rather than a separate regime.
Verified 2026-07-16. Source
Regulator
Florida Office of Financial Regulation (OFR), Division of Consumer Finance.
Verified 2026-07-16. Source
NMLS / portal
Florida does not use NMLS for money services business licensing, unlike most other states. Applications, renewals and amendments go through OFR's own Online Services (REAL system) portal for the Part II Money Transmitter licence.
Verified 2026-07-16. Source
Launch posture
green: Florida has expressly defined and licensed virtual currency money transmission inside its money services business statute since 2022, with a mature, formula-based fee and bond structure.
Verified 2026-07-16. Source
Net worth / capital (locked)
Net worth / capital is included with access.Permissible investments (locked)
Permissible investments is included with access.Exam / audit timeline (locked)
Exam / audit timeline is included with access.Practitioner notes (locked)
Practitioner notes is included with access.Under the planning scenario
LicenceMap's bond and net worth figures use one scenario throughout: a virtual currency exchange with a fiat on and off ramp, $50m in annual US transmission volume, $2m in average daily outstanding liability, and a single principal office.
Surety bond: Surety bond is included with access.
Net worth / capital: Net worth / capital is included with access.