California

California regulates cryptocurrency under the California Department of Financial Protection and Innovation (DFPI) with a focus on consumer protection and enforcement actions against unlicensed crypto lending and overcharging. The state operates under the Digital Financial Assets Law (AB 39, 2023) and the California Money Transmission Act.

Overview

StatusLegal
Risk Score35/100 (Moderate Risk)
Regionnorth america
CurrencyUSD

Tax

VAT on CryptoNo

Licensing

RequiredYes
RegulatorDFPI
FrameworkDigital Financial Assets Law (AB 39, 2023); California Money Transmission Act
Easemedium
Cost$50,000 - $500,000

Licensing is required for crypto lending and money transmission activities; enforcement actions have been taken against unlicensed operators.

DeFi

Status: regulated

DeFi activities are regulated under California's financial laws with a focus on consumer protection and licensing requirements.

Stablecoins

Status: regulated

Stablecoins are regulated under the state's financial regulatory framework to ensure consumer protection and compliance.

NFTs

Status: no_rules

No specific NFT regulation

Mining

LegalYes
Electricity$0.1/kWh
Renewable20%
Infrastructureexcellent

Mining is legal with moderate electricity costs and good infrastructure; renewable energy accounts for 20% of electricity.

Geopolitics

Stabilityvery_stable
SanctionsNo
Corruption Index67/100
Banking Accessopen

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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