California Financial Code

§ 3201

FIN § 3201 Effective Jan 1, 2025Div. 1.25 · Ch. 2

Statute text

On or after July 1, 2026, a person shall not engage in digital financial asset business activity, or hold itself out as being able to engage in digital financial asset business activity, with or on behalf of a resident unless any of the following is true:

(a)The person is licensed in this state by the department under Section 3203.

(b)The person submits an application on or before July 1, 2026, and is awaiting approval or denial of that application.

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Legislative history

Amended by Stats. 2024, Ch. 945, Sec. 1. (AB 1934) Effective January 1, 2025.