Texas HB3833 amends regulations for money services businesses, including licensing, financial reporting, and permissible investments.
Texas HB3833 amends the regulation of money services businesses in Texas. It modifies the requirements for individuals in control of a money services licensee to provide additional information to the commissioner. The bill also updates the permissible investments for money services licensees, including stablecoins. It outlines conditions under which a money services license may be suspended or revoked, such as violations of the law or failure to meet financial obligations.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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