Texas is a state in the south of the USA. Texas is second in the country in terms of both territory and population. The state is a center for agriculture, oil and gas production, education and finance, so it has a strong economy and Texas’ GDP is usually compared with the GDP of Russia. In terms of Bitcoin in Texas, it is allowed to be used and the state is frequently a location for various cryptocurrency-related projects and conferences, such as the Texas Blockchain Conference. Besides that, the state is the place of origin of the North Texas Blockchain Alliance. which is an organization aimed to provide support for developing blockchain technologies and organization for related events in the North Texas region.
Two pieces of legislation related to cryptocurrencies recently took effect in the state, and many businesses already accept digital payments.
Texas following El Salvador? Poll shows 37% of residents want crypto payments
"Companies dealing in cryptocurrencies are not immune from oversight,” said New Jersey’s acting attorney general Andrew Bruck.
Texas and New Jersey regulators go after Celsius Network
Texas aims to catch up with other crypto-friendly states and then some, but commentators say that amending a state constitution won’t happen immediately.
More than a law: Texas takes steps to amend Bitcoin into state constitution
Texas House Bills 1576 and 4474 officially took effect on Sept. 1 after being signed into law by Governor Greg Abbott in June.
Cryptocurrencies now recognized under commercial law in Texas
Bitcoin mining facilities are setting up shop in Texas, but not only for obvious reasons like wind and land opportunities. Here's why the state is becoming popu...
Crypto cowboys: Texas counties welcome Bitcoin miners with open arms
The state's financial regulator join its counterparts in New Jersey and Alabama in taking action against the crypto lending platform.
Texas alleges that BlockFi is offering unregistered securities
Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining.
Bit Mining raises $50M to take operations out of China