California’s ‘BitLicense’ Bill Signed Into Law

“The law requires California’s Department of Financial Protection (DFPI) and Innovation to create a regulatory framework for crypto.””The framework includes a licensing regime and gives the department enforcement and rulemaking authority over the sector.””The DFPI also gets an 18-month implementation period to ensure “the adopted regulatory framework can be thoughtfully tailored to address industry trends and mitigate consumer harm.”

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