Texas Updates Regulatory Guidance Regarding Cryptocurrency Activities

The Texas Department of Banking has published new guidance regarding the regulatory treatment of virtual currencies under the Texas Money Services Act. The document states that most transactions involving cryptocurrencies will not be considered a transfer of “monetary value” but the exchange of virtual currencies for fiat will likely be recognized as a “money transmission.”

Also Read: More Japanese Cryptocurrency Exchanges Sign up for Self-Regulation

Original source
https://news.bitcoin.com/texas-updates-regulatory-guidance-regarding-cryptocurrency-activities/

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