Digital Financial Assets Law: Regulations, Opinions, Releases
Final Regulations
PRO 02/23 – Effective June 29, 2026
Digital Financial Assets Law Regulations: License Application and Requirements; Money Transmission Act Exemption
ADOPT: Title 10, California Code of Regulations, Sections 80.126.40, 80.156.10, 80.159.10, 80.159.20, 80.159.30, 80.165.10, 1200, 1210, 1211, 1212, 1213, 1214, 1215, 1216, 1217, 1218, 1220, 1221, 1222, 1230, 1240, 1250
AMEND: Title 10, California Code of Regulations, Section 80.3002
Effective Date: June 29, 2026
- Text of Final Rules (PDF)
- Final Statement of Reasons (PDF)
- OAL’s Notice of Approval and Endorsed Form 400 (PDF)
Electronic Surety Bond, Effective March 24, 2025
ADOPT: Title 11, California Code of Regulations, Section 31.30
Effective Date: March 24, 2025
Electronic Surety Bond, including STD. Form 400
Proposed Regulations
PRO 02-23 – Digital Financial Assets Law
NOTICE OF SECOND MODIFICATION TO TEXT OF PROPOSED REGULATION
June 5, 2026
Comment Period Ends: June 22, 2026
- PRO 02-23 – Notice of Second Modified Text & Added Documents (PDF)
- PRO 02-23 – Text of the Second Modified Proposed Regulations (PDF)
- View Comments on PRO 02-23 Second Modifications
May 12, 2026 – Office of Administrative Law Disapproval
- PRO 02-23 – Office of Administrative Law Disapproval Letter (PDF)
- PRO 02-23 – Office of Administrative Law Disapproval Decision (PDF)
Note: Agencies may rewrite and resubmit disapproved regulations within 120 days of receiving OAL’s written decision.
NOTICE OF MODIFICATION TO TEXT OF PROPOSED REGULATION
September 29, 2025
Comment Period Ends: October 15, 2025
- PRO 02-23 – Notice of Modification to Text of Proposed Regulation (PDF)
- PRO 02-23 – Text of Modified Proposed Regulations (PDF)
- PRO 02-23 – Initial Statement of Reasons Addendum (PDF)
- View Comments on PRO 02-23 Modification
NOTICE OF PROPOSED REGULATIONS
April 4, 2025 – Initial Proposed Text
Comment Period Ends: May 19, 2025
- PRO 02-23 – Notice of Proposed Action (PDF)
- PRO 02-23 – Text of Proposed Regulations (PDF)
- PRO 02-23 – Initial Statement of Reasons (PDF)
- PRO 02-23 – NMLS Company Form (MU1) (PDF)
- PRO 02-23 – NMLS Individual Form (MU2) (PDF)
- PRO 02-23 – DFPI Form 2 (Personal Financial Statement) (PDF)
- View Comments on PRO 02-23
Comment Period Ends: January 12, 2024
Second Comment Period Ends: November 18, 2024
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