N.D. Cent. Code § 13-09.1-50: Virtual-currency kiosks

1.A kiosk operator may not engage in virtual-currency business activity or hold itself out as being able to engage in virtual-currency business activity with or on behalf of another person unless the kiosk operator is licensed in this state as a money transmitter.

2.A virtual-currency kiosk operator shall comply with all requirements of a money transmitter under this chapter.

3.A virtual-currency kiosk operator may not locate, or allow a third party to locate, a virtual-currency kiosk in this state unless the virtual-currency kiosk:

a.Is placed in a commercially accessible area;

b.Is accessible to users with sufficient space to account for mobility limitations of users; and

c.Is subject to security features, including sufficient lighting and surveillance.

4.Each virtual-currency kiosk operator shall submit a quarterly report of the location of each virtual-currency kiosk located within the state to the commissioner within forty-five days of the end of the calendar quarter. The location report must include:

a.The company's legal name;

b.Any fictitious or trade name;

c.The physical address;

d.The start date of operation of the virtual-currency kiosk at the location;

e.The end date of operation of the virtual-currency kiosk at the location, if applicable; and

f.The virtual-currency addresses associated with the virtual-currency kiosk.