Brand new Texas Memorando Outlines First Bitcoin Trade Guidelines

The Arizona Department associated with Banking launched a remedies memorandum in 3rd Apr, outlining it is regulatory position on electronic digital currencies inside the guidelines established by the Arizona Money Solutions Act.

The particular document attracts a type of distinction in between bitcoins as well as other digital foreign currencies and full sovereign coin currencies such as the dollar. In line with the memorandum, electronic digital currencies are generally not recognized as “legal tender” in Arizona because they absence backing from your institution just like a central loan company, do not have innate value and don’t carry any kind of guarantees associated with redemption.

Total, the arguments clarify the particular statutes which often govern the particular establishment associated with third-party bitcoin exchanges of which handle full sovereign coin currencies, offering a clearer route for those who could seek licensure in Arizona.

Continue reading for CoinDesk


Leave a Comment

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to Top
Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home4/gotwocli/public_html/swissapp/wp-includes/functions.php on line 4669