Florida Chief Financial Officer (CFO) Jimmy Patronis has released plans to create a new position of cryptocurrency chief to oversee the industry in the state, according to an announcement published June 26.
Patronis, who also serves as State Fire Marshal and supervises the Department of Financial Services, ordered his office to create a position that will manage the application of current insurance and securities laws to initial coin offerings (ICOs) and digital currencies. The designee will also develop a regulatory framework within the state.