Texas regulator fines payment processor over unlicensed stablecoin money transmission
- —Texas regulator issued a fine to a payment processor
- —The violation involved money transmission via stablecoins and crypto
- —The company was accused of operating without a money transmission license
Why it matters: Signals tighter US state-level scrutiny of stablecoin payments, setting a precedent for unlicensed operators.
Source: Google News (crypto query)