Delaware Payment Stablecoins Act establishes licensing and regulatory framework for payment stablecoin issuers and digital asset service providers in.
The Delaware Payment Stablecoins Act establishes a licensing and regulatory framework for payment stablecoin issuers and digital asset service providers operating in Delaware. It mandates that entities issuing payment stablecoins or providing digital asset services must obtain a license from the State Bank Commissioner. The Act sets forth reserve requirements, capital and net worth standards, anti-money laundering and sanctions compliance programs, and risk management and governance standards for licensed entities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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