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Texas Signs Digital Asset Customer Protections Into Law

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 ....

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Digital Asset Customer Protections Signed into Texas Law | Winstead PC

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. ....

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