Delaware bill proposes licensing for stablecoin issuers

A bill has been introduced in the Delaware state legislature to modernize its banking laws, including a proposal to license stablecoin issuers, Cointelegraph reported. The legislation aims to regulate stablecoin reserves and redemptions and clarify the legal definition of cryptocurrency. Additionally, the bill seeks to attract fintech companies that have recently moved to other states back to Delaware and to foster a technology-friendly banking ecosystem.