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Author Topic: California Enacts Stricter Cryptocurrency Oversight Laws Set to Begin in July 2025  (Read 297 times)

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California Enacts Stricter Cryptocurrency Oversight Laws Set to Begin in July 2025
« on: October 18, 2023, 01:00:29 AM »
California Enacts Stricter Cryptocurrency Oversight Laws Set to Begin in July 2025

Californias governor, Gavin Newsom, has given the green light to a new law intensifying oversight on cryptocurrency operations. This move, set for a July 2025 implementation, obligates both individual and corporate entities to secure a license from the Department of Financial Protection and Innovation (DFPI) if they wish to engage in any digital asset related business.

This freshly minted law, named the Digital Financial Assets Law, takes inspiration from the states existing money transmission laws. These laws state a clear ban on banking and money transfer services that function without...  더보기
Source: California Enacts Stricter Cryptocurrency Oversight Laws Set to Begin in July 2025
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California Enacts Stricter Cryptocurrency Oversight Laws Set to Begin in July 2025
« on: October 18, 2023, 01:00:29 AM »

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