Florida2026Active

HB0175

Florida Payment Stablecoin Law

Last scannedAug 24, 2026, 10:35 AM

In one sentence

This law updates Florida rules to include payment stablecoins and requires issuers to get a license or follow specific reporting steps.

Updates the state's money laundering laws to include payment stablecoins as part of financial activities regulated under the Money Services Business Act.
Requires qualified payment stablecoin issuers to obtain a license from the Office of Financial Regulation unless they are exempted.
Mandates that out-of-state, state-qualified payment stablecoin issuers send written notice to regulators within a set time frame before operating in Florida.
States that certain types of payment stablecoins are not considered securities under this law and are not subject to specific provisions.
Prohibits trust companies from issuing these coins unless they receive a certificate of approval or qualify for an exemption.

The text does not list the specific dollar amounts or detailed steps required to get a license.
It is unclear exactly which transactions are exempt from regulation without reading the full legal definitions in Chapter 560.
The law mentions joint supervision with federal officials but does not detail when this shared responsibility begins.

Plain language

Payment Stablecoin: A digital currency defined in the law that is used for payments.
Qualified Payment Stablecoin Issuer: An entity authorized to issue payment stablecoins under Florida regulations, either through a license or exemption.
Office of Financial Regulation (OFR): The state agency responsible for licensing and supervising financial businesses, including stablecoin issuers.

Official record

Source attached

Payment Stablecoin

Official activity

2026-06-29Chapter No. 2026-176; Companion bill(s) passed, see CS/CS/HB 1087 (Ch. 2026-130)