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#BTCBreaks$71000
Delaware State Proposes New Bill Incorporating Stablecoins Within Banking Regulatory Framework
On March 24, two members of the Delaware House of Representatives introduced the "Delaware Stablecoin Payment Act," aimed at creating a licensing framework for stablecoin issuers and digital asset service providers. The bill is based on the definition from the U.S. Federal "Stablecoin Act," and includes provisions related to reserve deficiency compensation, mandatory redemption timeframe standards, capital requirements, and anti-money laundering duties. If approved, the state's banking commissioner will draft implementing regulations within the specified timeframe.