NC H920

Recognizes qualifying digital assets as a valid medium of exchange in North Carolina and allows their use to pay state taxes beginning January 1, 2026

Establishes strict eligibility criteria for qualifying digital assets: minimum 10-year security track record, at least $750 billion market capitalization, $10 billion daily trading volume, proof-of-work consensus mechanism, 99.98% network uptime, and classification as a commodity (not a security) by U.S. regulators

Requires the Department of Revenue to maintain daily digital asset-to-dollar exchange rates on its website for tax payment and transaction reporting purposes

Imposes a $2,000 daily transaction limit on new virtual currency customers (those within their first 72 hours) when using cryptocurrency kiosks

Mandates full refunds from licensees when new customers are fraudulently induced to transmit virtual currency, provided the fraud is reported within 14 days