Texas has it right on cryptocurrency regulation.

The full text, including introduction and analysis, of the Texas Department of Banking memorandum can be found here:

Regulatory-Treatment-of-Virtual-Currencies-under-the-Texas-Money-Services-Act.pdf

http://www.dob.texas.gov/lg_manual/sm1037.pdf

For a further breakdown, please check out the following article:

http://www.cryptocoinsnews.com/news/texas-department-banking-reveals-regulatory-treatment-virtual-currencies-texas-money-services-act/2014/04/03

The weekly Bitcoin and Cryptocurrency Meetup Group will be meeting this Tuesday, October 1, 2013, at 7:00 pm at Central Market. Feel free to stop by and join the conversation.

The weekly Bitcoin and Cryptocurrency Meetup Group will be meeting this Thursday, August 29, 2013, at Central Market.  If you are interesting in Bitcoin mining, Cointerra is scheduled to attend this meeting too.  Please feel free to stop by and join the conversation.

The Austin Bitcoin Meetup group will be presenting a Mini Bitcoin Conference this Saturday, August 17, 2013, from 5pm to 7pm at the JJ Pickle Research Campus in Austin, Texas.  This conference will be free and open to the public.

Capital Coin and Bullion of Austin, Texas, is now accepting Bitcoin via BitPay.  They feature a great selection of high quality coins, precious metals, discounted premiums, appraisal and consignment services, Berkey water filtration products, Youngevity nutritional supplements, Patriot Safes, ammunition and IRA funding services.  Capital Coin and Bullion's mission is to be the preferred shopping destination by delivering excellent customer service and outstanding value at an affordable price.

Their location, hours and phone number:

7304 Burnet Road
Suite A
Austin, Texas 78757
(512)371-5884

Hours:
Monday - Friday
10 - 6
Saturday
10 - 2
Closed Sunday

Austin Bitcoin has become a certified integration partner with BitPay.com, the largest Bitcoin payment processor.  This partnership will help local Texas merchants start accepting Bitcoin as payment for goods and services.  The best part about BitPay's service is that merchants do not have to carry Bitcoin on their ledgers.  Since the business does not hold actual Bitcoins, this makes it much easier for accountants to maintain their books without needing to create a new entry for Bitcoin.  This also takes away the risk involved in accepting a fluctuating cryptocurrency.

Austin Bitcoin is excited to help businesses start accepting this emerging technology.  Please feel free to contact us with any questions you may have about Bitcoin payment integration.