United States of America: Bill amending Financial Code to include Digital Financial Asset Transaction Kiosks (Bill No. SB-401)

Progress

Current status
in force
01 Jul 2025 in force
01 Jan 2025 in grace period
13 Oct 2023 adopted
14 Sep 2023 adopted
24 May 2023 under deliberation
09 Feb 2023 under deliberation

Scope

Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
legislature
executive
Government Body
parliament
central government
Implementation Level
subnational

Timeline of events

01 Jul 2025
in force

Bill amending Financial Code to include Digital Financial Asset Transaction Kiosks entered into force (Bill No. SB-401)

On 1 July 2025, the the Bill amending the Financial Code to include Digital Financial Asset Transaction Kiosks entered into force. The Bill introduces new rules for operators of digital financial asset transaction kiosks, devices that accept or disp…

Source
Event type law
Action type implementation
Government branch legislature
Government body parliament
01 Jan 2025
in grace period

Bill amending Financial Code to include Digital Financial Asset Transaction Kiosks including requirement for operators to provide customers with disclosures entered into force

On 1 January 2025, the Bill amending the Financial Code to include Digital Financial Asset Transaction Kiosks entered into force for operators of digital financial asset kiosks to provide customers with clear, written pre-transaction disclosures in …

Source
Event type law
Action type in force with grace period
Government branch legislature
Government body parliament
13 Oct 2023
adopted

Bill amending Financial Code to include Digital Financial Asset Transaction Kiosks was signed by California Governor (Bill No. SB-401)

On 13 October 2023, the Digital Financial Asset Transaction Kiosks Law (SB 401) was signed by the Governor. The Bill introduces new rules for operators of digital financial asset transaction kiosks, devices that accept or dispense cash in exchange f…

Source
Event type law
Action type signing
Government branch executive
Government body central government
14 Sep 2023
adopted

Bill amending Financial Code to include Digital Financial Asset Transaction Kiosks was adopted by California Legislature (Bill No. SB-401)

On 14 September 2023, the Digital Financial Asset Transaction Kiosks Law (SB 401) was adopted by the California legislature. The Bill introduces new rules for operators of digital financial asset transaction kiosks, devices that accept or dispense c…

Source
Event type law
Action type adoption
Government branch legislature
Government body parliament
24 May 2023
under deliberation

Bill amending Financial Code to include Digital Financial Asset Transaction Kiosks was passed by California Senate (Bill No. SB-401)

On 24 May 2023, the Bill amending the Financial Code to include Digital Financial Asset Transaction Kiosks was passed by the California Senate. The Bill introduces new rules for operators of digital financial asset transaction kiosks, devices that a…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
09 Feb 2023
under deliberation

Bill amending Financial Code to include Digital Financial Asset Transaction Kiosks was introduced to California Senate (Bill No. SB-401)

On 9 February 2023, the Bill amending the Financial Code to include Digital Financial Asset Transaction Kiosks was introduced to the California Senate. The Bill introduces new rules for operators of digital financial asset transaction kiosks, device…

Source
Event type law
Action type introduction
Government branch legislature
Government body parliament