Fin. Code, § 3201 · Chapter 2. Licensure
Fin. Code, § 3201
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
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.
Notes and commentary — not statutory text
History
Amended by Stats. 2026, Ch. 52, Sec. 3. (SB 97) Effective June 30, 2026.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=3201.
- Text hash
- sha256 60468cb944d85d872d72b684cf954445383cfa6fd13aabc86cd655d9cd339352
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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