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      North Carolina Enacts Virtual Currency Kiosk Consumer Protection Act

      On July 7, North Carolina enacted House Bill 920, the Virtual Currency Kiosk Consumer Protection Act, establishing a new regulatory framework for virtual currency kiosks operating in the state. The law takes effect January 1, 2027, and requires virtual currency kiosk operators to obtain a money transmitter license while imposing new transaction limits, disclosures, fraud-prevention measures, and other operational requirements....
      By: Sheppard, Mullin, Richter & Hampton LLP

      Source: JD Supra
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud