Chamber of Digital Commerce

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March Regulatory Affairs Update

California Assembly's AB-1326, requiring money transmission licenses for all persons/businesses engaging in virtual currency business activities

If passed, what impact would AB-1326 have? 

Does this bill have any chance in becoming law?

How does it serve to clarify the regulatory environment in California?

Link to AB-1326

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Consumer Financial Protection Bureau's (CFPB) proposed rule on prepaid cards

Public comments due March 23

How will this ruling apply to digital wallets, and what will be its reach?

Link to proposed rules