12.002 – SCOPE. This chapter applies to virtual currency.
Texas Business and Commerce Code § 12.002
Summary
This law establishes that the provisions of this chapter specifically apply to virtual currency transactions and regulations. It is relevant for businesses and individuals engaged in activities involving virtual currencies in Texas.
Applies specifically to virtual currency transactions.
Establishes regulatory framework for virtual currencies.
Affects businesses and individuals in Texas dealing with virtual currencies.
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In simple terms: Learn about Texas's SCOPE. This chapter applies to virtual currency. law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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