What You Need To Know About Texas' Newest Virtual Currency Bill!

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Cryptocurrencies to become legal tender in Texas?

The Texas House Bills 4474 and 1576 OFFICIALLY took effect on Sept. 1 being signed into law by Governor Greg Abbott in June;

Two bills aimed at furthering the adoption of cryptocurrencies and blockchain now in law in Texas.

1576 establishes that a blockchain working group in Texas, while 4474 amends the state's Uniform Commercial Code to recognize cryptocurrencies under commercial law.

 

Regulation and Society adoption

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