Pennsylvania (PA)
Money transmission and virtual currency licensing planning data for Pennsylvania.
Population weight (planning): 3.78% · Back to matrix · Launch map
How to read this page: confirmed cells are checked against a primary regulatory source and dated. Under review marks a cell where primary sources conflict or a figure awaits confirmation.
MTL required
Yes. Act 7 of 2025 (effective 26 August 2025) amended the Money Transmission and Virtual Currency Transmission Business Licensing Law to require a licence for transmitting virtual currency by transmittal instrument for a fee, with no grace period; the fiat leg of a CVC exchange independently triggers the historic money transmission licence too.
Verified 2026-07-16. Source
Fiat treatment
Fiat money transmission has been licensed since the original Money Transmitter Act (Act 249 of 1965), now the Money Transmission and Virtual Currency Transmission Business Licensing Law, 7 P.S. section 6101 et seq., administered by the Department of Banking and Securities.
Verified 2026-07-16. Source
Virtual currency treatment
Included in the statute itself since Act 7 of 2025 (section 2(a)(2)), requiring a licence to transmit virtual currency by transmittal instrument for a fee. This replaced an April 2024 policy statement that had reinterpreted 'money' to include virtual currency, rescinded when Act 7 took effect on 26 August 2025.
Verified 2026-07-16. Source
NMLS / portal
Money Transmitter licence via NMLS; Pennsylvania's Money Transmitter Application Checklist is on the NMLS Checklist Compiler under New Application, PA, Company, Money Transmitter Licence.
Verified 2026-07-16. Source
Launch posture
amber: Virtual currency is now explicitly in scope with no transition period, and capital thresholds are the highest of the batch.
Verified 2026-07-16. Source
Net worth / capital (locked)
Net worth / capital is included with access.Permissible investments (locked)
Permissible investments is included with access.Exam / audit timeline (locked)
Exam / audit timeline is included with access.Practitioner notes (locked)
Practitioner notes is included with access.Under the planning scenario
LicenceMap's bond and net worth figures use one scenario throughout: a virtual currency exchange with a fiat on and off ramp, $50m in annual US transmission volume, $2m in average daily outstanding liability, and a single principal office.
Surety bond: Surety bond is included with access.
Net worth / capital: Net worth / capital is included with access.