diotiomountpho1985

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The Texas Department of Banking finds that exchange or transfer of most virtual currencies, standing alone, is not money transmission requiring a license. However, trade in stablecoins, or use of a third-party exchanger including virtual currency “ATMs”, must be licensed as money transmission. See Supervisory Memorandum 1037, “Regulatory Treatment of Virtual Currencies Under the Texas Money Services Act,” Apr. 1, 2019. Boiled down to its essence, bitcoin’s value today is based on however the market currently prices bitcoin. Yes, bitcoin is a volatile asset, and its price changes daily. Still, to a large degree, market participants have spoken in determining that the digital currency is a solid store-of-value asset and medium of exchange. Bitcoin already is the biggest cryptocurrency out there, at well more than double the size as the next largest coin. Thanks to the rally in Bitcoin prices over the past year, it was the first digital coin to hit a $1 trillion market cap. And while its share of the overall market has started to decline thanks to the rise of other projects, Bitcoin remains the dominant player in the space.