{"id":5430,"date":"2023-10-16T15:20:48","date_gmt":"2023-10-16T15:20:48","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=5430"},"modified":"2023-10-16T15:20:48","modified_gmt":"2023-10-16T15:20:48","slug":"governor-newsom-approves-new-law-in-california","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/governor-newsom-approves-new-law-in-california\/","title":{"rendered":"Governor Newsom Approves New Law in California"},"content":{"rendered":"

Governor Newsom Approves New Law! So, California Governor Gavin Newsom’s interest in cryptocurrencies has now grown even larger. California, which leaves many countries behind in terms of economic power and has a GDP of over 3 trillion dollars, decided not to stay quiet in the digital and cryptocurrency sector. Governor Newsom signed the Digital Financial Asset Law, which will help improve the digital and cryptocurrency sector.<\/p>\n

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You may be interested: UpBit Received License Approval from Singapore!<\/strong><\/em><\/a><\/span><\/p><\/blockquote>\n

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This new law gives full authority to the Financial Protection and Innovation Unit. (DFPI) on regulations while also granting it power to issue licenses to companies wanting to operate in the cryptocurrency sector. Also, DFPI will conduct an 18-month trial after implementing the law it has set.<\/p>\n

California Governor Newsom Approves New Law<\/span><\/h2>\n

Governor Newsom of California says that this new cryptocurrency law will both increase confidence in the digital sector and reduce the rate of fraud. He also added that along with consumer and investor protection.<\/p>\n

Another interesting piece of information is that last year when the law was being drafted, the DFPI<\/strong> team met with Coinbase executives. The two sides held a series of meetings on what the law should be like. Also, last year Governor Newsom rejected a cryptocurrency bill proposal because it had some shortcomings.<\/p>\n

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In the comment section, you can freely share your comments about the topic. Additionally, don\u2019 t forget to follow us on\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Governor Newsom Approves New Law! So, California Governor Gavin Newsom’s interest in cryptocurrencies has now grown even larger. California, which leaves many countries behind in terms of economic power and has a GDP of over 3 trillion dollars, decided not to stay quiet in the digital and cryptocurrency sector. Governor Newsom signed the Digital Financial<\/p>\n","protected":false},"author":1,"featured_media":5429,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[2007,151,336,2005,2006,2008],"class_list":["post-5430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-california","tag-coinbase","tag-cryptocurrencies","tag-dfpi","tag-gavin-newsom","tag-gdp"],"yoast_head":"\nGovernor Newsom Approves New Law in California - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Governor Newsom Approves New Law! 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