Title 6.2. Financial Institutions and Services
Chapter 22.2. Virtual Currency Kiosks
§ 6.2-2246. (Effective July 1, 2027) Licenses; place of business; changes.
A. Each license shall state the licensee's principal place of business and the legal name of the licensee as well as any fictitious name by which the licensee is operating in the Commonwealth. Licenses shall not be transferable or assignable, by operation of law or otherwise. No licensee shall use or permit any name to appear on a virtual currency kiosk other than the legal name or fictitious name set forth on the license issued by the Commission.
B. No licensee shall open an additional virtual currency kiosk or relocate any virtual currency kiosk without providing written notice to the Commission within 10 days after such opening or relocation.
C. Every licensee shall notify the Commissioner in writing within 10 days after the removal or deactivation of any virtual currency kiosk and, if applicable, of the name, address, and position of each new senior officer, member, partner, or director and provide any other information with respect to any change as the Commissioner may reasonably require.
D. Every license shall remain in force until it is surrendered, revoked, or suspended. The surrender, revocation, or suspension of a license shall not affect any preexisting legal right or obligation of such licensee.
