Florida’s HB 505 sets crypto ATM rules, requiring 72-hour scam refunds and $2,000 daily caps from 2027
Florida has approved HB 505 (Chapter 2026-178), creating a regulatory framework for crypto ATMs that requires fraud warnings, receipts, daily limits, identity checks, and a full refund obligation for certain first-time transactions. New customers will be capped at $2,000 per day, and operators must provide a full refund within 72 hours for a customer’s first transaction if alleged fraud is reported within 60 days with supporting proof. Most provisions take effect Jan. 1, 2027, while the registration requirement begins March 1, 2027. The law follows 1,213 Florida complaints tied to crypto ATMs in 2025 and $32.8 million in losses.