Delaware (DE)
Money transmission and virtual currency licensing planning data for Delaware.
Population weight (planning): 0.31% · Back to matrix · Launch map
How to read this page: confirmed cells are checked against a primary regulatory source and dated. Under review marks a cell where primary sources conflict or a figure awaits confirmation.
MTL required
Yes. Current law (5 Del. C. Chapter 23, the Sale of Checks Act) requires a Check Seller, Money Transmitter licence for receiving money for transmission, and the regulator's own licensee list already includes over 200 firms in this category, most major convertible virtual currency exchanges among them. A newly enacted rewrite, Senate Bill 18, confirms the same result under its replacement regime.
Verified 2026-07-16. Source
Fiat treatment
Yes. Section 2303 requires a licence for a person engaged in the business of receiving money for transmission or transmitting the same, and this applies regardless of whether virtual currency is also handled. The newly enacted replacement statute keeps the same 'receiving money for transmission' trigger.
Verified 2026-07-16. Source
Virtual currency treatment
Not separately defined in the Chapter 23 text still shown on the official code site, but the Office of the State Bank Commissioner already licenses convertible virtual currency exchanges under the existing 'receiving money for transmission' language. Senate Bill 18, signed 6 to 7 July 2026, adds an express virtual currency business activity subchapter inside the same licence, phasing in over 6 to 12 months.
Verified 2026-07-16. Source · under review
NMLS / portal
NMLS licence type: Check Seller, Money Transmitter (Delaware). The Office of the State Bank Commissioner directs all Chapter 23 licensees to apply, renew and amend through the Nationwide Multistate Licensing System.
Verified 2026-07-16. Source
MTMA adoption
full: SB 18, the Delaware Money Transmission and Virtual Currency Modernization Act, signed 7 July 2026; provisions phase in and the enactment post-dates the CSBS tracker update.
Verified 2026-07-16. Source
Launch posture
amber: Convertible virtual currency exchanges are routinely licensed today under the existing statute, but Delaware just repealed and replaced the entire chapter (Senate Bill 18, signed 6.
Verified 2026-07-16. Source
Net worth / capital (locked)
Net worth / capital is included with access.Permissible investments (locked)
Permissible investments is included with access.Exam / audit timeline (locked)
Exam / audit timeline is included with access.Practitioner notes (locked)
Practitioner notes is included with access.Under the planning scenario
LicenceMap's bond and net worth figures use one scenario throughout: a virtual currency exchange with a fiat on and off ramp, $50m in annual US transmission volume, $2m in average daily outstanding liability, and a single principal office.
Surety bond: Surety bond is included with access.
Net worth / capital: Net worth / capital is included with access.