NC H86

Removes requirement that authorized delegates of money transmitters must operate from a branch office in North Carolina.

Changes the threshold for receivables counting as permissible investments from 90 days past due to 30 days past due.

Modifies virtual currency rules to allow licensees to hold virtual currency as permissible investments only to the extent of outstanding transmission obligations received in like kind virtual currency, removing language allowing licensees to own virtual currency.

Adds new subsection allowing the Commissioner to request verification of virtual currency transmission obligations and holdings at any time, including offline storage.

Clarifies that permissible investment requirements may be waived when outstanding transmission obligations do not exceed posted bonds or other security devices.