Cal. FIN § 3201
This is the official text of Cal. FIN § 3201, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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