Cal. Fin. Code § 3904

Current through 2023 Legislative Session
Section 3904 - Maximum charges related to a single digital financial asset transaction

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.

Ca. Fin. Code § 3904

Added by Stats 2023 ch 871 (SB 401),s 1, eff. 1/1/2024.