Use of Digital Currency by the Department of Financial Services

Summary

The bill establishes the Florida Stablecoin Pilot Program within the Department of Financial Services, allowing the department to accept, refund, and hold approved payment stablecoins for state fees. It applies to the department, any entity that chooses to pay fees with stablecoins, and approved stablecoin issuers. The measure aims to test digital currency use in government while ensuring oversight and protecting state funds.

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

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