Financial Code section 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 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.

Source: Section 3904, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=3904.­ (accessed Apr. 24, 2025).

Last Updated

Apr. 24, 2025

§ 3904’s source at ca​.gov