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California Assembly passes a bill requiring crypto firms in the state to obtain a license and that stablecoins be issued by a bank; Governor Newsom must sign it (Sam Reynolds/CoinDesk)

Photo of Grace Will Grace Will September 1, 2022
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Sam Reynolds / CoinDesk:

California Assembly passes a bill requiring crypto firms in the state to obtain a license and that stablecoins be issued by a bank; Governor Newsom must sign it  —  The Digital Financial Assets Law, which is similar to New York’s BitLicense, has been criticized by industry stakeholders.



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