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Tex. Business & Commerce Code § 12.001

DEFINITION

Texas · Texas Business & Commerce Code · Status: effective

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Tex. Business & Commerce Code § 12.001, DEFINITION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/630378
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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.