United States of America: Implemented Act relating to the commingling of funds by digital asset service providers (HB 1666)
Description
Implemented Act relating to the commingling of funds by digital asset service providers (HB 1666)
On 1 September 2023, an “Act relating to the commingling of funds by digital asset service providers” (HB 1666) was implemented in Texas. The Act will apply to digital asset service providers that serve more than 500 digital asset customers in the s…
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2023-01-26
under deliberation
2023-04-20
under deliberation
2023-05-17
adopted
2023-06-09
adopted