Virginia's new Chapter 19.1 Money Transmitters framework was active during the July 21 to August 4, 2026 period, with the chapter effective July 1, 2026. Section 6.2-1929 states that a person may not engage in money transmission or hold itself out as providing money transmission without a license under the chapter.
What changed
Virginia moved to a new statutory money transmitter framework with a clear license-required provision under Chapter 19.1. The updated code pages in late July 2026 reflected the live regime and gave businesses a current statutory reference point.
Compliance perspective
Any company with Virginia money transmission activity should confirm whether its model now falls inside the new chapter and whether licensing is required. Existing analyses should be refreshed against the new law rather than older statutory sections or informal assumptions.
Key date
Effective date: July 1, 2026.
Need help keeping up with these changes?
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