Georgia legislation · 2025-2026 Regular Session
Georgia HB1272: Banking and finance; licensing of payment stablecoin issuers; provisions
Status: Signed into law, May 11, 2026
A BILL to be entitled an Act to amend Title 7 of the Official Code of Georgia Annotated, relating to banking and finance, so as to provide for use of certain terms in the advertisement and place of business of licensed payment stablecoin issuers; to provide for licensing of payment stablecoin issuers; to provide for third-party examination or investigation; to provide for payment of certain fees and costs of examination and investigation; to provide for suspension or revocation of a license and procedures therefor; to provide for cease and desist orders; to provide for removal of certain officers and members; to provide for a short title; to provide for legislative purpose and intent; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
What the bill says
To amend Title 7 of the Official Code of Georgia Annotated, relating to banking and finance, so as to provide for use of certain terms in the advertisement and place of business of licensed payment stablecoin issuers; to provide for licensing of payment stablecoin issuers; to provide for rules and regulations; to provide for application procedures; to provide for requirements for licensed payment stablecoin issuers; to provide for license renewal; to provide for information sharing with certain entities; to prohibit unlicensed persons from issuing payment stablecoin…
From the introduced text:
A BILL TO BE ENTITLED To amend Title 7 of the Official Code of Georgia Annotated, relating to banking and finance, so as to provide for use of certain terms in the advertisement and place of business of licensed payment stablecoin issuers; to provide for licensing of payment stablecoin issuers; to provide for rules and regulations; to provide for application procedures; to provide for requirements for licensed payment stablecoin issuers; to provide for license renewal; to provide for information sharing with certain entities; to prohibit unlicensed persons from issuing payment stablecoin; to provide for the Department of Banking and Finance to request and receive conviction data; to provide for certain disqualifying conditions for licensure; to provide for procedures for denying applications; to provide for appeals; to provide for certain fees and assessments; to provide for certain certifications to the department; to require licensed payment stablecoin issuers to maintain certain reserves; to provide for procedures for failure by a licensed payment stablecoin issuer to meet certain reserves; to provide for certain capital requirements; to provide for reserves to be held in trust for consumers; to provide for certain disclosures; to provide for treatment as a financial institution; to provide for certain activities in which licensed payment stablecoin issuers can participate; to prohibit certain activities; to provide for annual financial statements; to …