SB 914

Bill Subjects

Abstract

Digital Trust Business; Prohibiting certain entities from engaging in digital trust business without an application to and prior approval by the Office of Financial Regulation; authorizing a state bank or state trust company to exclusively engage in virtual trust business under certain circumstances; requiring the commission to ensure that the state bank’s or state trust company’s policies and procedures satisfy certain requirements; requiring the commission to establish standards by rule which relate to stablecoin, etc.