§ 3907. — 3907. (Amended by Stats. 2024, Ch. 945, Sec. 6.)

California § 3907.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 1.25.: DIVISION 1.25. Digital Financial Assets Businesses
• Ch. 9.: CHAPTER 9. Digital Financial Asset Transaction Kiosks

Text

(a)
On or after July 1, 2026, an operator shall comply with Section 3201 to the extent that the operator engages in digital financial asset business activity.
(b)
If an operator does not engage in digital financial asset business activity but allows or facilitates another person to engage in digital financial asset business activity via a digital financial asset transaction kiosk that is owned, operated, or managed by the operator, the operator shall do all of the following:
(1)
On or after July 1,
2026, ensure that the person engaging in digital financial asset business activity via the digital financial asset transaction kiosk has a license pursuant to this division.
(2)
Ensure that any charges collected from a customer, whether collected by the operator, a person engaging in digital financial asset business activity via the digital financial asset transaction kiosk, or both, comply with the limits provided by Section 3904.
(3)
Comply with all other provisions of this chapter.

Legislative History

Amended by Stats. 2024, Ch. 945, Sec. 6. (AB 1934) Effective January 1, 2025.