What’s the New Surety Bond Requirement?
In North Carolina, money transmitters that handle cryptocurrencies must obtain a cryptocurrency surety bond. The required bond amount will range from $150,000—$250,000, and will vary depending on the applicant. In addition, supplementary insurance will be required to address potential cyber security risks that money transmitters may face.
Why Choose JW Surety Bonds?
We are the nation’s largest volume bond producer, and provide the lowest rates in the industry. It’s also crucial that you understand that you’re responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.
Get a Free Quote Instantly Online
If you’re ready to get a surety bond for this newly increased bond requirement, you can simply apply online.