Allows use of digital assets for tax payments and economic transactions in North Carolina.

The North Carolina Digital Asset Freedom Act allows digital assets to be used as a valid medium of exchange and for tax payments. It mandates that the Department of Revenue maintain and update daily digital asset-to-dollar exchange rates. The act also establishes protections for new virtual currency customers, including a daily transaction limit and a refund policy for fraudulent transmissions. The act applies to digital assets meeting specific criteria, including decentralization, security, and market longevity.

Allows use of digital assets for tax payments and economic transactions in North Carolina.

The North Carolina Digital Asset Freedom Act allows digital assets to be used as a valid medium of exchange and for tax payments. It mandates that the Department of Revenue maintain and update daily digital asset-to-dollar exchange rates. The act also establishes protections for new virtual currency customers, including a daily transaction limit and a refund policy for fraudulent transmissions. The act applies to digital assets meeting specific criteria, including decentralization, security, and market longevity.