Raleigh, NC — Attorney General Josh Stein has signed a measure within North Carolina’s new state budget establishing the state’s first regulations for cryptocurrency kiosks.
The provision, part of the broader package of bills enacted with the budget, creates consumer‑protection rules for crypto ATMs that have become common in convenience stores and gas stations statewide.
The kiosks allow users to convert cash into digital currency but have been frequently used in fraud schemes targeting older residents. Stein said the new rules bring the machines under state oversight by requiring operators to be licensed, limiting daily transaction amounts, and mandating clear scam warnings and live customer support.
“This bill protects people from fraud when they use virtual currency kiosks, requiring the machines to be licensed and regulated under state law, placing limits on daily transactions, and providing scam alert signs, live customer service, receipts for transactions, and the ability to cancel a transaction that’s still in progress,” Stein said.
The measure caps kiosk fees at 12% and sets daily limits of $2,000 for new users and $5,000 for returning customers. Machines must provide receipts, allow cancellations while a transfer is pending, and place a 48‑hour hold on first‑week transactions to allow additional fraud screening.
State officials say North Carolinians have lost millions of dollars to crypto‑ATM‑related scams. While some states have banned kiosks entirely, North Carolina opted for regulation within the budget package to reduce fraud without eliminating access.
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