California’s long‑anticipated digital asset licensing regime has finally arrived. Beginning today – Monday, March 9, 2026 – the California Department of Financial Protection and Innovation (“DFPI”) will be accepting license applications under the state’s Digital Financial Assets Law (“DFAL”). This marks the true operational start of California’s digital asset regulatory framework, and the beginning of the compliance clock for companies operating in California, placing the DFPI alongside the New York State Department of Financial Services…

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