California’s New Digital Financial Assets Law Requires Application for Cryptocurrency Licenses to be Submitted by July 1, 2026

Entities subject to California’s new Digital Financial Assets Law (“DFAL”), signed by Governor Newsom on October 13, 2023, must either be licensed or have applied through the Nationwide Multistate Licensing System (“NMLS”) for regulatory review by July 1, 2026.... By: Womble Bond Dickinson