{"code":"FIN","codeName":"Financial Code","section":"3904","citation":"Fin. Code, § 3904","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.25. Digital Financial Assets Businesses [3101. - 3907.]","url":"https://blackletter.si/financial-code/division-1.25"},{"name":"CHAPTER 9. Digital Financial Asset Transaction Kiosks [3901. - 3907.]","url":"https://blackletter.si/financial-code/division-1.25/chapter-9"}],"history":"Added by Stats. 2023, Ch. 871, Sec. 1.   (SB 401)   Effective January 1, 2024.","effective":"2024-01-01","html":"<p>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:</p><p>(a) Five dollars ($5).</p><p>(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.</p>","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.","otherVersions":[],"url":"https://blackletter.si/financial-code/digital-financial-asset-transaction-kiosks-3904","source":"California Legislative Information bulk export (pubinfo)"}