UAB Debex Operations.; On 7/27/2020, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from UAB Debex Operations. The petitioner seeks a declaratory statement from the Office whether its ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

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

On 7/27/2020, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from UAB Debex Operations. The petitioner seeks a declaratory statement from the Office whether its proposed business model (to offer its customers an online platform where users can create requests to convert USD or EUR to Bitcoin, Ether, Litecoin, Bitcoin Cash, or Ripple by making a Visa or Mastercard payment. Petitioner does not take custody of the client’s funds but does facilitate the cryptocurrency order.) 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].