Texas Finance Code

§ 160.003 — APPLICABILITY

FI § 160.003Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part E. OTHER FINANCIAL BUSINESSES · Ch. 160. DIGITAL ASSET SERVICE PROVIDERS

(a)This chapter applies to a digital asset service provider doing business in this state that:

(1)holds a money transmission license under Subchapter D, Chapter 151; and

(2)either:

(A)serves more than 500 digital asset customers in this state; or

(B)has at least $10 million in customer funds.

(b)This chapter does not apply to:

…

Legislative history

Added by Acts 2023, 88th Leg., R.S., Ch. 419 (H.B. 1666), Sec. 1, eff. September 1, 2023.