2025-2026 Regular Session

HB881

Further providing for title of act and for definitions; providing for short title; and further providing for license required, for exemptions, for qualifications for a license, for fee, financial statement and security, for liability of licensees, for licensee requirements and for agents.

Chamber Passed·4/23/25

Prefiled

Introduced

Chamber Passed4/23/25

Final Passage

Complete

Pennsylvania HB881 amends the Money Transmission Business Licensing Law to include virtual currency transmission and renames it the Money.

Pennsylvania HB881 amends the Money Transmission Business Licensing Law to include virtual currency transmission and renames it the Money Transmission and Virtual Currency Transmission Business Licensing Law. It requires a license for transmitting money or virtual currency for a fee, with exemptions for certain banking institutions and business-to-business transactions. Licensees must meet financial requirements, including a tangible net worth of at least $500,000 and a bond of $1,000,000. Agents must be appointed via written agreements and are subject to the control of the licensee.

Included in complete analysis

Overview
Core Provisions
Implementation
Impact
Legal Framework
Critical Issues

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Where it stands

Last: Passed the House · 164–39 · Apr 23, 2025
Current: Banking & Insurance Committee
Next: Senate floor vote

HB881

Where it stands

Sponsors

HB881

Where it stands

Sponsors

HB881

Where it stands

Sponsors

HB881

Where it stands

Sponsors

Roll Call Votes

History

Roll Call Votes

History