California DFPI's approved Money Transmission Act and Digital Financial Assets Law regulations were effective June 29, 2026, and remained active during the July 11 to July 25 review window. DFPI's materials indicate the rules cover license application requirements and an exemption tied to digital financial assets.
What changed
California put final regulations into effect for money transmission and digital financial asset licensing, ahead of the DFAL regime that began July 1, 2026.
Compliance perspective
Money transmitters and digital asset firms should review California license coverage carefully, including overlap between DFAL and other state license types. DFPI has made clear that a DFAL license does not replace other licenses that may still be required.
Key date
Effective date: June 29, 2026.
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