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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

5 Del. C. § 3532: Sanctions compliance; compliance with lawful orders [For application of this section, see 85 Del. Laws, c. 339, § 2].

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Where this section sits in the code
  1. Title 5. Banking
  2. Other Businesses Under Jurisdiction of State Banking Department
  3. CHAPTER 35. Delaware Payment Stablecoins Act [For application of this chapter, see 85 Del. Laws, c. 339, § 2]
  4. Subchapter VI. Anti-Money Laundering (AML) and Sanctions Compliance [For application of this subchapter, see 85 Del. Laws, c. 339, § 2]

(a) A permitted payment stablecoin issuer shall maintain the technological capability to comply with any lawful order requiring the issuer to seize, freeze, burn, or prevent the transfer of payment stablecoins.

(b) Upon receipt of a lawful order from a court of competent jurisdiction or from a Delaware or federal governmental authority, a permitted payment stablecoin issuer shall take all actions required by the lawful order, including freezing or burning the specified payment stablecoins, within the time specified in the order.

(c) A permitted payment stablecoin issuer shall comply with all applicable requirements of the Office of Foreign Assets Control of the United States Department of the Treasury.

(d) The Commissioner shall promulgate regulations establishing minimum technological and operational standards for compliance with this section.

Collected 2026-09-05T23:02:05Z. Source file · JSON

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