http://blog.atlantabitcoin.com/texas-guidance-on-bitcoin-atm-operation-is-kind-of-a-big-deal/Yesterday, April 3rd, the Texas Department of Banking issued guidance on Cryptocurrencies and businesses that exchange them in the state of Texas. This is ground breaking news because, while there have been rumors of other states taking a similar stance off-record, Texas is the first state to issue formal guidance on the subject.
The highlight of the 5 page memorandum is the reasoning they use to differentiate between an ATM that is engaging in Money Transmission vs an ATM that is not. It all boils down to whether or not a 3rd party (Exchange) is involved in the transaction.
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