The California Department of Financial Protection and Innovation (DFPI) officially implements the Digital Financial Asset Law (DFAL), requiring individuals or companies providing crypto services to California residents to hold a DFAL license, submit an application, or meet exemption criteria by July 1, 2026, or face enforcement actions. Applications will open through the Nationwide Multistate Licensing System (NMLS) starting March 9, 2026, with industry training scheduled for March 23. (Decrypt)

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