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North Carolina · Through S.L. 2026-30

N.C. Gen. Stat. § 53-458: (Effective January 1, 2027) Mandatory hold on transactions.

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Where this section sits in the code
  1. Chapter 53. Regulation of Financial Services.
  2. Article 26. (Effective January 1, 2027) Virtual Currency Kiosk Consumer Protection Act.

(a) 48-Hour Transaction Hold. - A virtual currency kiosk operator shall impose a 48-hour hold on all transactions initiated by a customer whose first transaction occurred within the past seven days. During this hold period, the virtual currency kiosk shall do all of the following:

(1) Accept the transaction request and record all required information.

(2) Not transmit, transfer, or make available any virtual currency to the customer.

(3) Display a notice informing the customer that the transaction will not be completed until the expiration of the 48-hour hold.

(b) Prohibition on Early Releases. - A virtual currency kiosk operator shall not release, settle, or complete any transaction subject to the 48-hour hold before the hold period expires, regardless of customer request, operator discretion, or automated system behavior.

(c) Multiple Transactions During Hold Period. - If multiple transactions are initiated by a customer during the initial seven-day period, each transaction is subject to its own 48-hour hold, measured from the time that transaction was initiated. (2026-45, s. 1.)

Collected 2026-10-28T05:56:06Z. Source file · JSON

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