Tag: Digital Financial Assets Law

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California Enacts Digital Financial Assets Law

October 26, 2023

On October 13, 2023, California enacted the Digital Financial Assets law. This law is California’s first comprehensive framework for regulation of digital asset markets, and some of its provisions may sound familiar to those versed in the state’s money transmitter licensing requirements. Under this new law, on and after July 2025, crypto companies and everyone…
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California Gov. Newsom greenlights crypto regulation bill for 2025

October 15, 2023

The bill will mandate cryptocurrency firms to adhere to licensing requirements, maintain financial records, and provide regulators with the authority to conduct audits. California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations, set to begin in 18 months.  In a statement published on October 13, Newsom…
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