{"data":{"id":"us-tx/tex.-finance-code-160.001","jurisdiction":"us-tx","citation":"Tex. Finance Code § 160.001","heading":"DEFINITIONS.","body":"In this chapter:\n(1) \"Commission\" means the Finance Commission of Texas.\n(2) \"Customer funds\" means the digital assets, fiat currency, or other property deposited by a digital asset customer.\n(3) \"Department\" means the Texas Department of Banking.\n(4) \"Digital asset\" means a natively electronic asset that confers economic, proprietary, or access rights and is recorded or stored in a blockchain, cryptographically secured distributed ledger, or similar technology, and includes:\n(A) a digital asset that the laws of any country consider to be legal tender; or\n(B) virtual currency as defined by Section 12.001, Business \u0026 Commerce Code.\n(5) \"Digital asset customer\" means a person who deposits fiat currency or a digital asset with a digital asset service provider.\n(6) \"Digital asset service provider\" means an electronic platform that facilitates the trading of digital assets on behalf of a digital asset customer and maintains custody of the customer's digital assets.\nAdded by Acts 2023, 88th Leg., R.S., Ch. 419 (H.B. 1666), Sec. 1, eff. September 1, 2023.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE E. OTHER FINANCIAL BUSINESSES","CHAPTER 160. DIGITAL ASSET SERVICE PROVIDERS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.160.htm#160.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"f67c4f298b68a3d6482705836283fe3e052f23bbac89f1cd136ac4dea8c3af3a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-159.301","next":"us-tx/tex.-finance-code-160.002"},"notice":"GroundRules: Original legal text. Not legal advice."}