
Californiaās DFAL Enforcement Kicks In, Tightening Oversight of Crypto Businesses
California will require all crypto companies serving state residents to obtain a DFAL license, submit an application, or qualify for an exemption by July 1, 2026.

California will require all crypto companies serving state residents to obtain a DFAL license, submit an application, or qualify for an exemption by July 1, 2026.

TL;DR Nexo fined $500,000 for offering unlicensed crypto loans in California. The company did not assess borrowers’ ability to repay the loans. It must transfer all
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