There is no personal Florida income tax, so there would be no tax implications for cryptocurrency transactions i Florida.
People often refer to cryptocurrency as virtual currency, but the IRS does not consider it to be a true currency. As the IRS considers cryptocurrency to be property, capital gains and losses on for cryptocurrency sales are reported on a Schedule D. Further, cryptocurrency mining is considered ordinary income by the IRS.
Here is a link to a great TurboTax resource with more detailed information on how cryptocurrency is taxed: Your Cryptocurrency Tax Guide .
