Bitcoin in Virginia: what to know
Virginia limits crypto ATM (kiosk) purchases: $2,000/day new users; $5,000/day any user; $10,000/month (from Jul 1, 2027). Crypto gains are taxed as ordinary income. The state does not accept crypto for tax payments.
Bitcoin has one price in US dollars across the country: the price on this page is the same as on the bitcoin price in the United States page, where federal tax rules are covered in full. What differs in Virginia is state law and tax, explained below.
Crypto ATMs in Virginia
HB 665 (2026 Acts ch. 654/655) takes effect July 1, 2027. Kiosk operators will need a State Corporation Commission license, with applications accepted by March 1, 2027, and transactions by unlicensed operators are void. Fees are capped at 18%, and victims who report fraud within 90 days can get their fees refunded. Scammers often tell victims to pay through crypto ATMs: no government agency, bank or utility asks for payment in bitcoin.
Buying bitcoin in Virginia
Exchanges and other crypto businesses serving Virginia residents generally need a state money-transmitter license. Buying bitcoin carries no sales tax; you pay the exchange's spread and fees.
Tax on bitcoin in Virginia
Crypto gains are taxed as ordinary income. The state does not accept crypto for tax payments. Federally, the IRS treats bitcoin as property: selling, trading or spending it is a taxable event, with short-term gains (held a year or less) taxed as ordinary income and long-term gains at 0%, 15% or 20%; bitcoin received as pay or from mining is income. Exchanges and other custodial brokers report sales on Form 1099-DA: gross proceeds for sales from 1 January 2025, and cost basis for many sales from 1 January 2026. Every Form 1040 asks whether you received or disposed of a digital asset.
State bitcoin reserve
A 2025 reserve bill (HB 1716) was not enacted.
Legal and tax information last reviewed October 2026. Crypto rules change quickly — check with the regulator or tax authority, or a qualified adviser, before acting. This is not tax, legal or investment advice.