The Lone Star State Leads Charge Against Crypto-Fueled Fraud

While it's not illegal for cryptocurrency businesses to market in the state of Texas, companies that operate in this nascent market should make sure they're doing things by the book. Otherwise, Texas regulators have proven they will get the ball rolling to quash those efforts in the state, at the very least.

Many states are touting their friendly nature toward blockchain technology and even looking for ways to increase the applications of top digital currencies such as bitcoin, including for paying taxes. But in Texas, there's been a focus on weeding out the bad actors rather than developing new bills to make it easier for blockchain and cryptocurrency businesses to operate here.