(1) .— Registration

A foreign payment stablecoin issuer may offer or sell payment stablecoins using a digital asset service provider if the foreign payment stablecoin issuer is registered with the Comptroller.

A registration of a foreign payment stablecoin issuer filed in accordance with this section shall be deemed approved on the date that is 30 days after the date the Comptroller receives theregistration, unless the Comptroller notifies the foreign payment stablecoin issuer in writing that such registration has been rejected.

In determining whether to reject a foreign payment stablecoin issuer’s registration, the Comptroller shall consider

If the Comptroller rejects a registration, not later than 30 days after the date of receipt of such rejection, the foreign payment stablecoin issuer may appeal the rejection by notifying the Comptroller of the request to appeal.

Pursuant to section 13 of this Act, the Comptroller shall issue rules relating to the standards for approval of registration requests and the process for appealing denials of such registration requests.

The Comptroller shall keep and make publicly available a current list of foreign payment stablecoin issuer registrations that have been approved.