The Texas Department of Banking has published new guidance regarding the regulatory treatment of virtual currencies under the Texas Money Services Act. The document states that most transactions involving cryptocurrencies will not be considered a transfer of “monetary value” but the exchange of virtual currencies for fiat will likely be recognized as a “money transmission.”
Also Read: More Japanese Cryptocurrency Exchanges Sign up for Self-Regulation
Texas Department of Banking Updates Regulatory Position on Crypto Transactions
On Jan. 2, the Texas Department of Banking published a supervisory memorandum providing updated regulatory guidance regarding the treatment of cryptocurrencies under state law.
A Los Angeles-based law firm has announced the filing of a class action lawsuit accusing graphics card manufacturer, Nvidia, for “violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.” 
