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The new law also requires greater transparency for digital asset customers at least quarterly, and annual proof-of-reserves attestation to the Texas Department of Banking within 90 days of the end of the fiscal year and when applying for a new money transmission license
Texas Governor Abbott has signed landmark legislation to ensure that digital asset service providers with Texas customers maintain adequate reserves and do not commingle customer funds...
/PRNewswire/ -- The Texas Blockchain Council announces that today, the Texas Legislature passed House Bill 1666. The bill requires many digital asset service...
On January 26, Reuters reported SEC probes into registered investment advisers and their compliance with the custody rule for digital assets. Investment advisers should be ready to...
Reuters reported SEC probes into registered investment advisers and compliance with custody rule for digital assets. Investment advisers respond to SEC inquiry and review processes and disclosures such as Due diligence processes for selecting custodians; Disclosure of counterparty.