{"data":{"id":"us-ca/fin-3201","jurisdiction":"us-ca","citation":"FIN § 3201","heading":"","body":"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:\n(a) The person is licensed in this state by the department under Section 3203.\n(b) The person submits a completed application on or before July 1, 2026, and is awaiting approval or denial of that application.\n(c) The person is exempt from licensure under this division pursuant to Section 3103.","path":["Financial Code - FIN","DIVISION 1.25. Digital Financial Assets Businesses [3101. - 3907.]","CHAPTER 2. Licensure [3201. - 3225.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"60468cb944d85d872d72b684cf954445383cfa6fd13aabc86cd655d9cd339352","source_id":"us-ca","stale":false,"prev":"us-ca/fin-3103","next":"us-ca/fin-3203"},"notice":"GroundRules: Original legal text. Not legal advice."}