§ 3904

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

On or after January 1, 2025, an operator shall not collect charges, whether direct or indirect, from a customer related to a single digital financial asset transaction that exceed the greater of the following:

(a) Five dollars ($5).

(b) Fifteen percent of the United States dollar equivalent of digital financial assets involved in the transaction according to the publicly quoted market price of the digital asset on a licensed digital financial asset exchange at the time the customer initiates the transaction.

(Added by Stats. 2023, Ch. 871, Sec. 1. (SB 401) Effective January 1, 2024.)

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California Financial Code

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