North Carolina H1029 establishes regulations for digital asset and stablecoin activities, including licensing requirements, reserve asset management.

The North Carolina H1029, also known as the NC Digital Asset and Stablecoin Act, sets forth comprehensive regulations for digital asset and stablecoin activities within the state. The act mandates that entities issuing payment stablecoins must obtain a license from the North Carolina Commissioner of Banks. It outlines specific licensing criteria, including capital requirements, background checks, and compliance with federal and state laws. The act also details reserve asset management, requiring issuers to maintain eligible reserves equal to 100% of outstanding stablecoins.

North Carolina H1029 establishes regulations for digital asset and stablecoin activities, including licensing requirements, reserve asset management.

The North Carolina H1029, also known as the NC Digital Asset and Stablecoin Act, sets forth comprehensive regulations for digital asset and stablecoin activities within the state. The act mandates that entities issuing payment stablecoins must obtain a license from the North Carolina Commissioner of Banks. It outlines specific licensing criteria, including capital requirements, background checks, and compliance with federal and state laws. The act also details reserve asset management, requiring issuers to maintain eligible reserves equal to 100% of outstanding stablecoins.