Virginia adopted revised regulations for money transmitters to align with recent statutory changes. The new regulations address application requirements along with other operational details.
What changed
Regulations were updated to reflect the newly effective statutory framework from July 1, 2026, including license application and exemption criteria.
Compliance perspective
Money services businesses operating in Virginia must update their operations and ensure compliance with new licensing requirements.
Key date
Effective date: October 1, 2026.
Need help keeping up with these changes?
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.