(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.
