{ "jurisdiction_id": "US-VA", "jurisdiction": "United States – Virginia", "url": "https://cryptoassets.gi/jurisdictions/united-states-virginia/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-17", "schema_version": "crypto-v2.0.0", "counts": { "modules": 7, "sourced_findings": 19, "source_register": 17 }, "modules": [ { "code": "crypto_licensing", "name": "Crypto Licensing", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-virginia/#crypto-licensing-crypto-licensing", "standing_position": "Virginia has no bespoke crypto-asset licensing statute. Virtual-currency exchange, custody and transmission businesses are captured under Virginia's general money-transmitter licensing law, administered by the Commonwealth's banking/financial-institutions authority and processed through the multistate NMLS platform. Federal FinCEN money-services-business (MSB) registration applies in parallel to any entity acting as an 'exchanger' or 'administrator' of convertible virtual currency.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "token_classification", "name": "Token Classification", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-virginia/#token-classification-token-classification", "standing_position": "Virginia does not independently classify crypto-asset tokens; characterization is governed at the federal level. In March 2026, the SEC and CFTC jointly issued a Commission-level interpretive release adopting a five-category token taxonomy (digital commodities, digital collectibles, digital tools, stablecoins, digital securities), superseding the SEC's 2019 staff-level framework. The federal GENIUS Act separately confirms that permitted payment stablecoins are not securities.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "on_chain_activity_regime", "name": "On-Chain Activity Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-virginia/#on-chain-activity-regime-on-chain-activity-regime", "standing_position": "Virginia has not enacted activity-specific state rules for staking, DeFi lending, DEX operation, mining, node operation, validator activity, or tokenization. Such activities are assessed, if at all, under the general Virginia money-transmission framework (where custodial/transmission elements are present) or under overlapping federal securities/commodities and tax frameworks (e.g., the IRS's November 2025 staking safe harbor for grantor trusts).", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "stablecoin_regime", "name": "Stablecoin Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-virginia/#stablecoin-regime-stablecoin-regime", "standing_position": "The federal GENIUS Act (signed July 18, 2025) is the first comprehensive U.S. federal stablecoin statute, establishing issuance, reserve, redemption, disclosure, and supervisory requirements for payment stablecoins. As of the July 18, 2026 statutory rulemaking deadline, the OCC, Federal Reserve, FDIC, NCUA and Treasury had not finalized implementing regulations; the Act's substantive framework becomes effective on the earlier of January 18, 2027 or 120 days after final implementing rules issue. In the interim, stablecoins continue to be issued under pre-existing state money-transmitter licenses, including Virginia's, without dedicated federal oversight.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "consumer_protection", "name": "Consumer Protection", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-virginia/#consumer-protection-consumer-protection", "standing_position": "Virginia has no crypto-specific consumer-protection statute. General Virginia consumer-protection and money-transmitter bonding/net-worth requirements apply to licensed transmitters. Virginia has separately enacted HB 798 (signed 2026, effective July 1, 2026), amending the state's unclaimed-property statute so that dormant crypto assets held in customer accounts for five years are escheated to state custody in-kind rather than liquidated.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "tax_treatment", "name": "Tax Treatment", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-virginia/#tax-treatment-tax-treatment", "standing_position": "Federal tax treatment of virtual currency as property (IRS Notice 2014-21) underlies U.S. taxation of crypto transactions, including in Virginia. Beginning tax year 2025, crypto brokers must issue Form 1099-DA reporting gross proceeds to the IRS, with cost-basis reporting phased in from tax year 2026, materially increasing automated compliance visibility. Virginia's own conformity treatment of crypto-asset gains under state income tax has not been independently verified in this research pass.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "cross_border_transfer", "name": "Cross-Border Transfer", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/united-states-virginia/#cross-border-transfer-cross-border-transfer", "standing_position": "Virginia imposes no independent state-level restriction on outbound or cross-border crypto transfers beyond federal frameworks. Federal OFAC sanctions screening obligations and FinCEN's Funds Travel Rule (extended to convertible virtual currency transmittals) apply uniformly, and a joint Treasury/FinCEN/OFAC proposed rule (April 2026) would extend AML and sanctions compliance-program obligations specifically to permitted payment stablecoin issuers under the GENIUS Act.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] } ] }