Connecticut Enacts Broad Amendments to Money Transmission Law Targeting Virtual Currency and Digital Assets

Connecticut has enacted Public Act 25-66 (the “Act”), a substantial modernization of its Money Transmission Act (“MTA”) that brings digital wallets, virtual currency activity, and youth-oriented money-sharing applications squarely within the state’s regulatory framework. Effective as of October 1, 2025, Connecticut’s amendments signal a proactive approach to digital-asset regulation, aligning it with jurisdictions pursuing greater oversight over virtual currency transmission….
By: Shipkevich PLLC