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Action required Virginia General Assembly VA Jul 23, 2026

Virginia MTMA-Based Money Transmitter Law Effective

Virginia's MTMA-based money transmitter law became effective in July 2026. The update aligns Virginia more closely with the multistate Money Transmission Modernization Act framework.

Virginia's MTMA-based money transmitter law became effective in July 2026. The update aligns Virginia more closely with the multistate Money Transmission Modernization Act framework.

What changed

Virginia put a new MTMA-based money transmission framework into effect, changing the governing state licensing structure for covered transmission activity.

Compliance perspective

Money transmitters and crypto-related firms operating in Virginia should compare current licensing assumptions and ongoing obligations against the new statutory framework. This is especially important for multistate operators relying on harmonized MTMA concepts across jurisdictions.

Need help staying compliant?

Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.

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