Regulatory Alerts2026-06-03
Added · Updated
Florida Office of Financial Regulation Declaratory Statement for IntXPay, Inc.
The Florida Office of Financial Regulation issued a final order granting IntXPay, Inc.'s petition for a declaratory statement regarding the calculation of permissible investments under Florida Statute 560.210. The Office concluded that virtual currency, funds available to customers upon completion of a transmission, and funds held in custody but not yet transmitted are excluded from the aggregate face amount of outstanding money transmissions. This ruling clarifies that licensees are not required to hold equivalent permissible investments for these specific categories of assets.