Key Takeaways California’s lower house has passed a law, allowing the state to seize crypto left unclaimed on exchanges for 3 years. The Assembly Bill (AB) 1052 was passed in the Assembly in a 78-0 vote on June 3. The…
Key Takeaways The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of bankrupt BlockFi. The decision, announced on November 7, comes after a lengthy investigation by the DFPI, revealing several violations of state finance laws…
SBF is allegedly being transported by officials from New York to a federal facility in California, which is close to his parents' house.
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Key Takeaways In a move to address the growing concerns surrounding cryptocurrency-related scams and fraud, California legislators have proposed a new bill titled “Digital Financial Asset Transaction Kiosks.” This legislation aims to introduce several key measures, including a daily withdrawal…
The bill mandates that crypto companies operating in California must obtain a license.
The Board unanimously implemented digital wallets for official documentation and government services.
DFPI claims that Maxpread Technologies allegedly used an AI-generated avatar called"Michael Vanes" to pretend to be its CEO and promote its products through YouTube advertisements.
Thousands of investor and consumer complaints about potential cryptocurrency fraud are received annually, according to the DFPI, and something has been done with the information.
The Digital Financial Assets Law was presented by Assemblyman Timothy Grayson to safeguard Californians from financial hardship and promote responsible innovation.
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