What does Florida's New crypto Bill mean for cryptocurrencies?

The new Florida crypto bill will streamline, clarify and ease restrictions on cryptocurrencies and businesses involved with crypto when it becomes effective on January 1, 2023. That will cement Florida’s position as the premier crypto hub for the United States, leading to increased crypto business activity and investment in the state.

Is Florida a 'pro crypto' state?

Lobbyists for Blockchain.com, a cryptocurrency exchange that moved last year from New York to Miami, and Bit5ive, which manufactures crypto mining equipment in the Florida area, joined the effort, contacting dozens of state lawmakers. “They are very pro crypto,” Robert Collazo, the Bit5ive chief executive, said of Florida lawmakers.

Why should you start a crypto business in Florida?

That will cement Florida’s position as the premier crypto hub for the United States, leading to increased crypto business activity and investment in the state. Looking to start a new crypto business in Florida, contact us, your trusted Miami Florida USA crypto lawyers or schedule an appointment.

How to buy cryptocurrency in Florida?

You can buy cryptocurrency in Florida in three general steps and with a basic understanding on how crypto works. Step 1: Choose a coin. New investors are generally advised to look into established coins like Bitcoin (BTC) or Ether (ETH).