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Sarah Shtylman
@shodyesq
Friday afternoon, California DFPI dropped its proposed rules for the digital financial assets law (DFAL) license. Comments due May 19. https://dfpi.ca.gov/rules-enforcement/laws-and-regulations/digital-financial-assets-law-regulations-opinions-releases/
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Sarah Shtylman
@shodyesq
Stated objectives of the proposed rule include explaining when an entity wouldn’t need a both an MTL and a license under the DFAL in California, and specifying the process for applying for, maintaining records, and surrendering a DFAL license
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