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Committee backs bill to lower digital-asset licensing fees set by state regulator
Summary
The Assembly Banking and Finance Committee voted unanimously to pass AB 236, which would adjust application fees for digital financial asset licenses after witnesses said the Department of Financial Protection and Innovation’s proposed fees are disproportionately high; the bill moves to the Assembly Appropriations Committee.
The Assembly Banking and Finance Committee voted 8-0 to pass AB 236 and referred the measure to the Assembly Appropriations Committee. The bill would modify licensing fee structure for firms engaging in digital financial asset business activities to make California more attractive for blockchain and digital asset…
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