Pay Depot, LLC.; On 3/15/2019, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from Pay Depot, LLC. The petition seeks a declaratory statement from the Office whether its business model (to ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

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

On 3/15/2019, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from Pay Depot, LLC. The petition seeks a declaratory statement from the Office whether its business model (to sell and buy Bitcoin and other virtual currencies through Bitcoin ATMs not directly linked or dependent on a third-party exchange to transfer or receive virtual currency to its customers,) 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].