Banking and finance; licensing of payment stablecoin issuers; provisions

Summary

This Georgia bill establishes a licensing framework for companies that issue payment stablecoins, requiring them to obtain state approval and comply with regulatory requirements. The legislation sets rules for how licensed stablecoin issuers can advertise and operate, while granting state regulators authority to examine licensees, collect fees, and take enforcement actions including license suspension, revocation, and cease-and-desist orders. The bill also provides procedures for removing officers and members of non-compliant entities.