{"data":{"id":"us-tx/tex.-finance-code-160.003","jurisdiction":"us-tx","citation":"Tex. Finance Code § 160.003","heading":"APPLICABILITY.","body":"(a) This chapter applies to a digital asset service provider doing business in this state that:\n(1) holds a money transmission license under Subchapter D, Chapter 151; and\n(2) either:\n(A) serves more than 500 digital asset customers in this state; or\n(B) has at least $10 million in customer funds.\n(b) This chapter does not apply to:\n(1) a bank, as defined by Section 31.002; or\n(2) an entity excluded by commission rule or by order of the banking commissioner based on a finding that the entity is:\n(A) not required to hold a money transmission license under Subchapter D, Chapter 151; or\n(B) not subject to the requirements of this chapter.\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#160.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"c39ec71a56eb4da10202011fb1c13bed06ff2ee5f3a169899bdf0afc4390a792","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-160.002","next":"us-tx/tex.-finance-code-160.004"},"notice":"GroundRules: Original legal text. Not legal advice."}