Texas Joins New York in Regulating Money Transmitters, Including Bitcoin Exchangers, Administrators

Texas and New York, like peaches and cream!

As of May 1, the state of Texas became the second US state to explicitly require foreign-located money transmitters (including Bitcoin exchangers and administrators) to obtain a state money transmitter license if their customers are residents of Texas.  The state of New York had taken a similar stance back in March of 2011.

h/t np complete