California Governor Gavin Newsom has permitted a cryptocurrency invoice that enforces stricter rules on companies conducting crypto operations, set to start in July 2025.
In a assertion printed on Oct. 13, Newsom declared that the invoice, titled the Digital Monetary Belongings Legislation, will make it obligatory for each people and companies to acquire a Division of Monetary Safety and Innovation (DFPI) license to interact in digital asset enterprise actions.
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