What do California’s new digital asset licensing requirements mean for PTI?
On July 1, 2025, California’s Department of Financial Protection and Innovation (“DFPI”) will impose licensing requirements for companies that handle digital financial assets, including cryptocurrencies. This is essentially California’s version of the New York DFS BitLicense, a license that PTI has held in good-standing since February 2022. In fact, the new California law allows for…
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