Tex. Bus. & Com. Code § 12.001 · Chapter 12. VIRTUAL CURRENCY
DEFINITION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter, "virtual currency":
(1) means a digital representation of value that:
(A) is used as a medium of exchange, unit of account, or store of value; and
(B) is not legal tender, whether or not denominated in legal tender; and
(2) does not include:
(A) a transaction in which a merchant grants, as part of an affinity or rewards program, value that cannot be taken from or exchanged with the merchant for legal tender, bank credit, or virtual currency; or
(B) a digital representation of value issued by or on behalf of a publisher and used solely within an online game, game platform, or family of games sold by the same publisher or offered on the same game platform.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 739 (H.B. 4474), Sec. 9, eff. September 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.12.htm
- Text hash
- sha256 ce8bbb064bdadd1d0b3ae132a6c93a01970b8f2c1526876db544e36722b87868
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 4 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 12.001. Each shows the citation as that text prints it.
Business & Commerce Code
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.