Use of Digital Currency by the Department of Financial Services

Summary

The bill would establish a Florida Stablecoin Pilot Program that lets the Department of Financial Services accept certain payment stablecoins to pay government fees, issue refunds, and hold limited amounts. It applies to the department, approved stablecoin issuers, and any person who voluntarily chooses to pay with a stablecoin. The program is intended to test the benefits of digital currency while imposing strict backing, reporting, and oversight requirements.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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