Delaware Modernizes Banking Laws for Digital Assets
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Delaware lawmakers propose significant banking law updates, introducing two key bills: the Banking Modernization Act and the Payment Stablecoin Act. The stablecoin bill, inspired by federal models, sets up a licensing system for issuers and services, focusing on reserves, quick redemptions, capital rules, and anti-money laundering checks. These efforts aim to attract businesses and provide regulatory clarity, as Delaware seeks to regain its position as a hub for blockchain firms.
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