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"Ambiguity of certain terms and the scope of this bill will require further refinement in both the regulatory process and in statute to provide clarity to both consumers, regulators and businesses subject to this new licensure framework," Newsom said in the letter. "It is essential that we strike the appropriate
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California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations, set to begin in 18 months. In a statement published on October 13, Newsom declared that the bill titled the ‘Digital Financial Assets Law,’ will make it mandatory for both individuals and firms
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Governor Gavin Newsom of California has signed a bill that will regulate the state’s crypto sector and require digital asset companies to get licenses. According to Bloomberg Law, Newsom has enacted two significant crypto-related legislative measures. Today California is taking the necessary step to regulate a market that is volatile, risky, and,
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