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Earlier editions: 2020-112018-11

DIVISION 1.25. Digital Financial Assets Businesses 3101-3907›CHAPTER 2. Licensure 3201-3225

§ 3201

California Financial Code · 2026 edition · updated 2026-10-04 · California

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 a completed application on or before July 1, 2026, and is awaiting approval or denial of that application.

(c) The person is exempt from licensure under this division pursuant to Section 3103.

(Amended by Stats. 2026, Ch. 52, Sec. 3. (SB 97) Effective June 30, 2026.)

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California Financial Code

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