Tag:Stablecoin

1
Cryptocurrency Industry Can Shape California’s New Licensing Regime
2
Good News: California Amends and Delays Its Digital Financial Assets Law

Cryptocurrency Industry Can Shape California’s New Licensing Regime

By: Jeremy McLaughlin and Joshua Durham

On 2 October 2024, the California Department of Financial Protection and Innovation (DFPI), issued draft proposed rules to implement the state’s new cryptocurrency licensing regime, the Digital Financial Assets Law (DFAL). DFPI is seeking comments on the proposed rules and set a deadline of 18 November 2024.

Read More

Good News: California Amends and Delays Its Digital Financial Assets Law

By: Jeremy M. McLaughlin and Joshua L. Durham

Good news for the cryptocurrency industry. On 29 September 2024, California Governor Gavin Newsom approved Assembly Bill 1934, which extends the time within which digital assets companies must obtain a license to engage in digital financial asset business activity under the Digital Financial Assets Law (DFAL). Entities now have until July 2026 to obtain licensure, which is a year later than originally planned.

Read More

Copyright © 2024, K&L Gates LLP. All Rights Reserved.