California Assembly passes a bill requiring crypto firms in the state to obtain a license and that stablecoins be issued by a bank; Governor Newsom must sign it (Sam Reynolds/CoinDesk)
Sam Reynolds / CoinDesk: California Assembly passes a bill requiring crypto firms in the state to obtain a license and that stablecoins be issued by a bank; Governor Newsom must sign it — The Digital Financial Assets Law, which is similar to New York's BitLicense, has been criticized by industry stakeholders.

Sam Reynolds / CoinDesk:
California Assembly passes a bill requiring crypto firms in the state to obtain a license and that stablecoins be issued by a bank; Governor Newsom must sign it — The Digital Financial Assets Law, which is similar to New York's BitLicense, has been criticized by industry stakeholders.
This article has been sourced from various publicly available news platforms around the world. All intellectual property rights remain with the original publishers and authors. Unshared News does not claim ownership of the content and provides it solely for informational and educational purposes voluntarily. If you are the rightful owner and believe this content has been used improperly, please contact us for prompt removal or correction.