The following materials are helpful tools for consumers and bankers to understand virtual currency.
Supervisory Memorandum 1037
Regulatory Treatment of Virtual Currencies Under the Texas Money Services Act
Model State Consumer and Investor Guidance on Virtual Currency
Conference of State Bank Supervisors (CSBS), through its Emerging Payments Task Force, and the North American Securities Administrators Association (NASAA) released the Model State Consumer and Investor Guidance on Virtual Currency.The purpose of the model guidance is to provide state regulators with a tool to support consumer education and outreach on virtual currency. The document is modeled on consumer guidance issued by some states and foreign banking authorities; the document provides a brief explanation of virtual currency and lists some factors consumers should consider when investing in or transacting with virtual currencies.