Paybis LTD and Paybis SIA.; On 10/10/2019, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from Paybis LTD and Paybis SIA. The petition seeks a declaratory statement from the Office whether ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Florida Office of Financial Regulation has received the petition for declaratory statement from Paybis LTD and Paybis SIA. The petition seeks the agency's opinion as to the applicability of Chapter 560, Florida Statutes, as it applies to the petitioner.

On 10/10/2019, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from Paybis LTD and Paybis SIA. The petition seeks a declaratory statement from the Office whether its business model (Exclusively for its own account, Company sells and buys convertible virtual currency through its website. Each transaction is a two-party purchase or sale transaction between only Company and its customer. Company does not offer any custodial services.) falls under the Florida Money Transmitter Statute, Chapter 560, Florida Statutes.

A copy of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail].

Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail].