California financial regulators to investigate FTX exchange
Definitely, not a good time for FTX crypto exchange as the California Department of Financial Protection and Innovation (DFPI) joins other financial regulators to launch an investigation into the “apparent failure” of the exchange. According to California regulators, the DFPI takes this supervisory duty “extremely seriously” and requires all organizations providing financial services in the […]
Crypto Regulation Bill Approved By California Assembly
The Digital Financial Assets Crypto Regulation Law has been criticized by people in the industry because it is like New York’s BitLicense. California Gov. Gavin Newsom is going to sign a bill that would require digital asset exchanges and other crypto companies to get a license to do business in the state. The bill was […]
California Governor Issues Crypto Executive Order, Reveals Plan For Blockchain Adoption
California Governor Gavin Newsom signed a new executive order on cryptocurrency on Wednesday, May 4. Given that California is the largest economy in the United States, this is really exciting news. Hence, it may encourage governors in other states to follow suit. The executive crypto order lays out a regulatory and consumer protection roadmap. It […]
California has been dubbed the “most crypto-ready” state in the United States
The crypto-ready index for California was calculated using Google searches, Bitcoin ATM installations, and the number of crypto-focused bills. According to new industry analysis from the review site Crypto Head, California has emerged as the most crypto-ready jurisdiction in the United States, thanks to the growth of cryptocurrency ATMs and increased interest in digital assets among the state’s population. California won the crypto-ready index with a score of 5.72 out of ten, beating out New Jersey (5.44), Texas (5.28), Florida (5.03), and New York (4.29). In addition, the state’s total point total […]