Ca_Law

statute | California

Financial Code - FIN - FIN § 3904

  • UIDca_leginfo_codes:fin-3904
  • CitationFinancial Code - FIN - FIN § 3904
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

On or after January 1, 2025, an operator shall not collect charges, whether direct or indirect, from a customer related to a single digital financial asset transaction that exceed the greater of the following: (a) Five dollars ($5). (b) Fifteen percent of the United States dollar

Text

On or after January 1, 2025, an operator shall not collect charges, whether direct or indirect, from a customer related to a single digital financial asset transaction that exceed the greater of the following:
(a)
Five dollars ($5).
(b)
Fifteen percent of the United States dollar equivalent
of digital financial assets involved in the transaction according to the publicly quoted market price of the digital asset on a licensed digital financial asset exchange at the time the customer initiates the transaction.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 3904

    On or after January 1, 2025, an operator shall not collect charges, whether direct or indirect, from a customer related to a single digital financial asset transaction that exceed the greater of the following: (a) Five dollars ($5). (b) Fifteen percent of the United States dollar equivalent of digital financial a…