Fla. Stat. § 560.505
State certification
Florida · Florida Statutes Chapter 560 — MONEY SERVICES BUSINESSES · Status: effective
Cite this
- Citation
- Fla. Stat. § 560.505, State certification, Florida, version 1 as recorded 2026-10-02, yourstate.us, https://yourstate.us/provision/2059675
- Permanent ID
ys:prov:2059675@1- SHA-256
598ac5009fc520036aa2ab65c171bcfe81942d8c305f4608e8cd9dae3d31a03a
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) The office shall submit an initial certification to the federal Stablecoin Certification Review Committee, on a form prescribed by the committee, in accordance with the timeline established by the committee for accepting certifications, attesting that the state regulatory regime meets the criteria for substantial similarity to the GENIUS Act, Pub. L. No. 119-27, as required under that act.
(2) No later than the date to be determined by the United States Secretary of the Treasury each year, the office must submit to the Stablecoin Certification Review Committee an additional certification that confirms the accuracy of the initial certification submitted.
(3) The office must comply with the requirements of s. 4(c)(4) of the GENIUS Act, Pub. L. No. 119-27, to ensure the state receives certification and annual recertification by the Stablecoin Certification Review Committee of the state regulatory regime.