H1415 · Use of Digital Currency by the Department of Financial Services

Use of Digital Currency by the Department of Financial Services; Establishes Florida Stablecoin Pilot Program within DFS; authorizes DFS to engage in certain activities, designate one or more payment stablecoins for certain activities, & accept payment stablecoins; requires that certain payment stablecoins meet specified criteria; authorizes program participants to elect to voluntarily participate in program & remit payment stablecoins to compatible digital wallet address; requires certain participants to provide DFS with such address; requires DFS to comply with certain requirements & provide such address for specified purpose; authorizes DFS to conduct examinations, audits, & investigations of permitted payment stablecoin issuers; requires DFS to coordinate with OFR under certain circumstances; requires DFS to monitor & evaluate pilot program & collect certain data; requires DFS to submit annual report containing certain information to Governor & Legislature beginning on specified date & annually thereafter; authorizes DFS to adopt rules.