Title 13 — Debtor and Creditor Relationship
19 chapters · 259 sections in this title.
N.D.C.C. § 13-09.1-45 Scope
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1. This chapter does not apply to the exchange, transfer, or storage of virtual currency or to virtual-currency administration to the extent the Electronic Fund Transfer Act of 1978 [15 U.S.C. Sections 1693-1693r], the Securities Exchange Act of 1934 [15 U.S.C. Sections 78a-78oo]…
N.D.C.C. § 13-09.1-46 Conditions precedent to engaging in virtual-currency business activity
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1. A person may not engage in virtual-currency business activity, or hold itself out as being able to engage in virtual-currency business activity, with or on behalf of another person unless the person is: a. Licensed in this state by the commissioner pursuant to section 13-09.1-…
N.D.C.C. § 13-09.1-47 Required disclosures
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1. A licensee that engages in virtual-currency business activity shall provide to a person who uses the licensee's products or services the disclosures required by subsection 2 and any additional disclosure the commissioner by rule or order determines reasonably necessary for the…
N.D.C.C. § 13-09.1-48 Property interests and entitlement to virtual currency
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1. A licensee that has control of virtual currency for one or more persons shall maintain control of virtual currency in each type of virtual currency sufficient to satisfy the aggregate entitlements of the persons to the type of virtual currency. 2. If a licensee violates subsec…
N.D.C.C. § 13-09.1-50 Virtual-currency kiosks
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1. A kiosk operator may not engage in virtual-currency business activity or hold itself out as being able to engage in virtual-currency business activity with or on behalf of another person unless the kiosk operator is licensed in this state as a money transmitter. 2. A virtual-c…
N.D.C.C. § 13-09.1-51 Disclosures
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1. A virtual-currency kiosk operator shall disclose in a clear, conspicuous, and easily readable manner in the chosen language of the customer, all relevant terms and conditions generally associated with the products, services, and activities of the virtual- currency kiosk operat…
N.D.C.C. § 13-09.1-52 Prevention of fraudulent activity
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1. A virtual-currency kiosk operator shall use blockchain analytics software to assist in the detection and prevention of suspicious activity, including sending purchased virtual currency from a virtual-currency kiosk operator to a virtual-currency wallet known to be affiliated w…
N.D.C.C. § 13-09.1-53 Daily transaction limit
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A virtual-currency kiosk operator may not accept transactions of more than two thousand dollars of cash or the equivalent in virtual currency per calendar day with a single customer in this state via one or more virtual-currency kiosks operated by the same virtual-currency operat…
N.D.C.C. § 13-09.1-54 Customer service
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A virtual-currency kiosk operator performing business in this state shall provide live customer service at a minimum on Monday through Friday between eight a.m. central time and ten p.m. central time. The customer service toll-free number must be displayed on the virtual- currenc…