Added by Stats. 2023, Ch. 792, Sec. 1. (AB 39) Effective January 1, 2024.
(a)If a person other than a licensee has engaged, is engaging, or is about to engage in digital financial asset business activity with, or on behalf of, a resident in violation of this division, the department may assess a civil penalty against the person in an amount not to exceed one hundred thousand dollars ($100,000) for each day the person is in violation of this division.
(b)If a licensee or covered person materially violates a provision of this division, the department may assess a civil penalty in an amount not to exceed twenty thousand dollars ($20,000) for each day of violation or for each act or omission in violation.
(c)A civil penalty under this section continues to accrue until the date the violation ceases.
Cite this section