On July 7, North Carolina enacted the Virtual Currency Kiosk Consumer Protection Act, which adds Article 26 to Chapter 53 of the state’s General Statutes. The law brings virtual currency kiosk operators under the Commissioner of Banks’ supervision by authorizing the commissioner to request compliance evidence and records and by deeming operators that own, operate, solicit, market, advertise or facilitate virtual currency kiosks in the state to be engaged in money transmission and subject to...
By: Orrick, Herrington & Sutcliffe LLP

Source: JD Supra

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North Carolina enacts virtual currency kiosk licensing and consumer protection framework

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North Carolina enacts virtual currency kiosk licensing and consumer protection framework

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