California Financial Code

§ 3907

FIN § 3907 Effective Jan 1, 2025Div. 1.25 · Ch. 9

Statute text

(a)On or after July 1, 2026, an operator shall comply with Section 3201 to the extent that the operator engages in digital financial asset business activity.

(b)If an operator does not engage in digital financial asset business activity but allows or facilitates another person to engage in digital financial asset business activity via a digital financial asset transaction kiosk that is owned, operated, or managed by the operator, the operator shall do all of the following:

(1)On or after July 1, 2026, ensure that the person engaging in digital financial asset business activity via the digital financial asset transaction kiosk has a license pursuant to this division.

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Legislative history

Amended by Stats. 2024, Ch. 945, Sec. 6. (AB 1934) Effective January 1, 2025.